Analog Devices (NASDAQ:ADI) CFO Sells $573,285.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $382.19, for a total value of $573,285.00. Following the sale, the chief financial officer owned 51,177 shares in the company, valued at approximately $19,559,337.63. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Price Performance

ADI traded down $5.14 during trading on Wednesday, reaching $385.23. 3,155,982 shares of the company were exchanged, compared to its average volume of 4,134,695. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company’s 50-day moving average is $372.63 and its two-hundred day moving average is $375.77. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market cap of $186.67 billion, a price-to-earnings ratio of 45.70, a P/E/G ratio of 1.18 and a beta of 1.20.

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

Analog Devices Dividend Announcement

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

Institutional Trading of Analog Devices

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Altus USA Inc. lifted its holdings in shares of Analog Devices by 212.1% during the 2nd quarter. Wellington Altus USA Inc. now owns 1,002 shares of the semiconductor company’s stock worth $398,000 after acquiring an additional 681 shares during the last quarter. Bouchey Financial Group Ltd. purchased a new stake in Analog Devices during the second quarter valued at about $205,000. Sequoia Financial Advisors LLC raised its position in Analog Devices by 5.1% during the second quarter. Sequoia Financial Advisors LLC now owns 21,450 shares of the semiconductor company’s stock valued at $8,519,000 after purchasing an additional 1,041 shares in the last quarter. IPG Investment Advisors LLC bought a new stake in Analog Devices during the second quarter worth about $1,922,000. Finally, Cidel Asset Management Inc. lifted its stake in Analog Devices by 45.0% during the second quarter. Cidel Asset Management Inc. now owns 7,331 shares of the semiconductor company’s stock worth $2,912,000 after purchasing an additional 2,276 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several analyst reports. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and raised their price target for the company from $430.00 to $465.00 in a report on Wednesday, August 19th. Wells Fargo & Company decreased their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. KeyCorp lifted their price objective on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Piper Sandler set a $460.00 target price on Analog Devices in a research note on Tuesday, September 8th. Finally, Robert W. Baird raised their price target on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $457.97.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.