Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) insider Vivek Jain sold 2,000 shares of Analog Devices stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $409.79, for a total transaction of $819,580.00. Following the transaction, the insider owned 43,733 shares in the company, valued at $17,921,346.07. The trade was a 4.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Vivek Jain also recently made the following trade(s):
- On Thursday, October 8th, Vivek Jain sold 3,305 shares of Analog Devices stock. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90.
- On Friday, October 2nd, Vivek Jain sold 2,000 shares of Analog Devices stock. The shares were sold at an average price of $416.98, for a total value of $833,960.00.
Analog Devices Price Performance
Shares of NASDAQ ADI opened at $406.19 on Friday. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The business has a 50-day moving average of $380.02 and a 200-day moving average of $383.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The company has a market capitalization of $196.83 billion, a price-to-earnings ratio of 48.18, a PEG ratio of 1.25 and a beta of 1.22.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio is 52.19%.
Key Analog Devices News
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Analyst outlook remains constructive. TD Cowen maintained a Buy rating and a $460 price target, above ADI’s recent trading level. Wall Street’s broader consensus remains “Moderate Buy,” with an average target near $460. TD Cowen keeps $460 target for Analog Devices
- Positive Sentiment: ADI is expanding its communications technology footprint. India-based Lekha Wireless plans to integrate Analog Devices radio technology into 4G and 5G products. The agreement is unlikely to materially change near-term earnings, but it reinforces ADI’s exposure to communications infrastructure and 5G demand. Lekha Wireless to integrate Analog Devices technology
- Neutral Sentiment: Reported short interest was zero. The October 9 report lists no shares sold short and a 0.0-day short-interest ratio. This could remove a source of bearish pressure, although the unusual figure may reflect a reporting or data issue rather than a meaningful change in investor positioning.
- Neutral Sentiment: Strong fundamentals are balanced by a demanding valuation. ADI’s latest quarter exceeded earnings and revenue expectations, with revenue increasing 39.2% year over year. The stock trades at roughly 48 times earnings, leaving it vulnerable to profit-taking if growth or AI-related semiconductor demand disappoints.
- Negative Sentiment: Several insiders have sold shares. Director Ray Stata sold 1,416 shares for approximately $594,777, CFO Richard Puccio sold 1,500 shares for about $631,620, and Vivek Jain sold a combined 5,305 shares worth roughly $2.16 million. The transactions were made under pre-arranged Rule 10b5-1 plans and do not necessarily indicate weakening business prospects, but the cluster of sales may weigh on sentiment. Analog Devices insider buying and selling
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on ADI shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Cantor Fitzgerald restated an “overweight” rating and set a $510.00 target price (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Evercore dropped their target price on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Fundamental Research set a $550.00 price target on Analog Devices in a research note on Monday, June 29th. Finally, BMO Capital Markets initiated coverage on Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $460.09.
Check Out Our Latest Stock Analysis on Analog Devices
Hedge Funds Weigh In On Analog Devices
A number of hedge funds have recently bought and sold shares of ADI. IPG Investment Advisors LLC bought a new stake in Analog Devices in the second quarter worth approximately $1,922,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock valued at $6,511,000 after purchasing an additional 10,648 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Analog Devices in the second quarter worth $500,414,000. Finally, Ieq Capital LLC bought a new stake in Analog Devices in the second quarter worth $19,643,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.
The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.
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