Insider Selling: Analog Devices (NASDAQ:ADI) CFO Sells $584,190.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the transaction, the chief financial officer owned 48,177 shares of the company’s stock, valued at approximately $18,763,014.42. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Up 1.4%

NASDAQ:ADI opened at $391.07 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. The firm’s 50-day moving average price is $383.75 and its 200-day moving average price is $389.29. The company has a market capitalization of $189.50 billion, a PE ratio of 34.26, a P/E/G ratio of 1.19 and a beta of 1.22. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Institutional Trading of Analog Devices

A number of institutional investors have recently bought and sold shares of ADI. BlackRock Inc. purchased a new stake in Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $3,573,081,000. Van ECK Associates Corp raised its stake in shares of Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after purchasing an additional 1,670,957 shares in the last quarter. Amundi raised its stake in Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock valued at $1,604,771,000 after buying an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $1,525,167,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ADI shares. Morgan Stanley lifted their target price on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Piper Sandler set a $460.00 target price on Analog Devices in a research note on Tuesday, September 8th. JPMorgan Chase & Co. increased their target price on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Wells Fargo & Company cut their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Finally, The Goldman Sachs Group restated 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. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.