Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total value of $3,897,500.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $53,605,435.50. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vincent Roche also recently made the following trade(s):
- On Tuesday, May 26th, Vincent Roche sold 30,000 shares of Analog Devices stock. The stock was sold at an average price of $415.13, for a total value of $12,453,900.00.
- On Friday, May 22nd, Vincent Roche sold 30,000 shares of Analog Devices stock. The shares were sold at an average price of $396.82, for a total value of $11,904,600.00.
- On Friday, May 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $397.91, for a total value of $3,979,100.00.
Analog Devices Stock Up 1.7%
ADI opened at $385.40 on Thursday. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91. The firm has a 50 day moving average price of $408.53 and a 200 day moving average price of $352.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The company has a market cap of $187.72 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18.
Analog Devices Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is 65.38%.
More Analog Devices News
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Analog Devices completed its acquisition of Empower Semiconductor, a move that expands ADI’s capabilities in AI compute power delivery and broadens its addressable market in the AI ecosystem. Analog Devices Completes Acquisition of Empower Semiconductor
- Positive Sentiment: ADI announced plans to invest more than $1 billion to expand its semiconductor facility in Oregon, signaling long-term capacity expansion and confidence in future demand. Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon
- Positive Sentiment: Investor commentary highlighted strong growth in ADI’s most recent quarter, reinforcing the company’s solid fundamentals after it beat earnings and revenue expectations. Strong Growth Fueled Analog Devices (ADI) in Q1
- Neutral Sentiment: ADI secured a new $3.0 billion revolving credit facility, which improves financial flexibility but does not by itself change operating performance. Analog Devices (ADI) Could Be 16% Undervalued As It Secures A $3.0b Credit Facility
- Negative Sentiment: CEO Vincent Roche sold 10,000 shares in a pre-arranged transaction, which may weigh on sentiment even though the sale was part of a 10b5-1 plan. Insider Selling: Analog Devices (NASDAQ:ADI) CEO Sells $3,897,500.00 in Stock
- Negative Sentiment: ADI shares recently lagged the broader market in a down session, reflecting some short-term pressure after a strong run-up. Analog Devices (ADI) Dips More Than Broader Market: What You Should Know
Analysts Set New Price Targets
A number of research analysts have commented on the company. Wolfe Research restated an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Barclays raised their target price on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Cantor Fitzgerald boosted their price target on Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Truist Financial upped their price target on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Finally, Citigroup increased their price objective on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.79.
Read Our Latest Research Report on ADI
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Banque Transatlantique SA purchased a new stake in Analog Devices during the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new position in shares of Analog Devices during the 1st quarter valued at approximately $30,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $27,000. Finally, Entrust Financial LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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