Richard Puccio, Jr. Sells 2,683 Shares of Analog Devices (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Down 3.4%

Analog Devices stock opened at $361.78 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The company has a market cap of $175.31 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The stock’s 50 day moving average price is $382.77 and its 200 day moving average price is $372.95.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. Analog Devices’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Analyst Ratings Changes

A number of research firms recently commented on ADI. Needham & Company LLC boosted their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. Wolfe Research reissued an “outperform” rating and set a $475.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Raymond James Financial restated an “outperform” rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Finally, Wells Fargo & Company dropped their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $454.63.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ADI. Riverbend Wealth Management LLC raised its holdings in shares of Analog Devices by 2.2% in the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 27 shares during the last quarter. Bridgewater Advisors Inc. increased its position in Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after purchasing an additional 27 shares in the last quarter. Silicon Valley Capital Partners raised its stake in Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 27 shares during the last quarter. Cornerstone Financial Management LLC boosted its stake in shares of Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 28 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Analog Devices by 12.0% during the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after buying an additional 30 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

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.