Analog Devices (NASDAQ:ADI) Shares Down 6.7% – Time to Sell?

Analog Devices, Inc. (NASDAQ:ADI) fell 6.7% during mid-day trading on Friday . The stock traded as low as $392.64 and last traded at $389.9470. Approximately 1,336,229 shares traded hands during trading, a decline of 68% from the average daily volume of 4,184,166 shares. The stock had previously closed at $417.93.

Analyst Ratings Changes

A number of equities analysts recently commented on ADI shares. Barclays raised their target price on Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Bank of America boosted their price target on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wells Fargo & Company upped their price target on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Needham & Company LLC raised their price objective on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Stifel Nicolaus lifted their price target on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $434.43.

Analog Devices Stock Performance

The stock has a market capitalization of $188.72 billion, a PE ratio of 57.67, a PEG ratio of 1.16 and a beta of 1.18. The business’s 50 day moving average is $407.22 and its 200 day moving average is $345.23. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. The firm’s revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s payout ratio is currently 65.38%.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $398.11, for a total transaction of $563,723.76. Following the transaction, the director directly owned 118,759 shares in the company, valued at $47,279,145.49. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 101,442 shares of company stock worth $40,422,954. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Institutional investors have recently made changes to their positions in the company. ING Groep NV increased its position in Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after purchasing an additional 69,202 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Analog Devices by 247.3% in the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock valued at $95,802,000 after purchasing an additional 249,702 shares during the last quarter. Covenant Asset Management LLC purchased a new stake in shares of Analog Devices during the 4th quarter valued at $2,500,000. HF Advisory Group LLC grew its stake in shares of Analog Devices by 661.6% during the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock valued at $13,477,000 after buying an additional 43,168 shares during the period. Finally, Jones Kertz & Associates Inc. acquired a new stake in shares of Analog Devices during the 4th quarter worth $1,480,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Company Profile

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.