Analog Devices Sees Unusually High Options Volume (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI) saw unusually large options trading on Tuesday. Stock traders bought 22,362 call options on the company. This represents an increase of 124% compared to the average volume of 9,991 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a research report on Thursday, August 20th. Wolfe Research reissued an “outperform” rating and issued a $475.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research note on Tuesday. Argus set a $460.00 price target on Analog Devices in a report on Tuesday, May 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Analog Devices in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $457.97.

Insider Activity at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the completion of the transaction, the director owned 10,019 shares in the company, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total transaction of $533,846.16. Following the sale, the director owned 117,343 shares of the company’s stock, valued at $44,239,484.43. This trade represents a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,931 shares of company stock valued at $14,903,950 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Several institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased its position in shares of Analog Devices by 39,170.1% in the second quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company’s stock valued at $117,688,546,000 after acquiring an additional 295,563,249 shares during the period. BlackRock Inc. purchased a new stake in shares of Analog Devices during the second quarter worth about $18,610,868,000. Bank of America Corp DE purchased a new stake in shares of Analog Devices during the second quarter worth about $3,573,081,000. Norges Bank bought a new stake in shares of Analog Devices in the fourth quarter worth about $2,215,516,000. Finally, Legal & General Group Plc purchased a new position in Analog Devices during the 2nd quarter valued at about $1,525,167,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $0.89 during trading on Tuesday, reaching $363.14. The company had a trading volume of 1,104,596 shares, compared to its average volume of 4,159,381. The company has a fifty day moving average of $376.58 and a two-hundred day moving average of $374.34. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $175.97 billion, a P/E ratio of 43.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. Analog Devices has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI) last released its earnings results 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. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed 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 payout ratio is presently 52.19%.

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.