Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $49,926,294. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vincent Roche also recently made the following trade(s):
- On Wednesday, July 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $389.75, for a total transaction of $3,897,500.00.
- On Tuesday, May 26th, Vincent Roche sold 30,000 shares of Analog Devices stock. The stock was sold at an average price of $415.13, for a total value of $12,453,900.00.
- On Friday, May 22nd, Vincent Roche sold 30,000 shares of Analog Devices stock. The stock was sold at an average price of $396.82, for a total value of $11,904,600.00.
Analog Devices Price Performance
NASDAQ:ADI opened at $380.29 on Wednesday. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a market cap of $185.24 billion, a P/E ratio of 56.51, a PEG ratio of 0.94 and a beta of 1.20. The business’s 50-day moving average price is $396.69 and its 200 day moving average price is $364.71.
Analog Devices Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is 65.38%.
More Analog Devices News
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: A sharp rally in semiconductor ETFs indicates that investor interest in the artificial-intelligence and chip sectors is returning. The sector-wide momentum may provide a favorable backdrop for Analog Devices and help explain the stock’s recent strength. Semiconductor ETFs Surge up to 19% in Huge Rally as the AI Trade Ramps Back Up
- Positive Sentiment: Analog Devices renewed its strategic sponsorship of MassRobotics through its Analog Garage corporate venture and incubator program. The partnership expands ADI’s exposure to robotics startups and emerging industrial-automation applications, though the near-term financial impact is likely limited. MassRobotics Welcomes Analog Devices as Returning Strategic Sponsor
- Neutral Sentiment: Analysts at Zacks see a favorable setup for ADI’s next earnings report, citing its history of earnings surprises and current estimate trends. This reinforces optimism following the company’s latest quarterly beat, when it reported $3.09 in adjusted earnings per share and $3.62 billion in revenue, both above consensus. Will Analog Devices Beat Estimates Again?
- Negative Sentiment: CEO Vincent Roche sold 10,000 ADI shares for approximately $3.63 million, reducing his direct ownership by 6.78%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less likely to signal a change in management’s outlook, but insider selling can still create modest investor pressure. SEC Form 4 Insider Transaction
Institutional Trading of Analog Devices
Several large investors have recently made changes to their positions in ADI. Banque Transatlantique SA acquired a new stake in Analog Devices in the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. bought a new stake in Analog Devices during the second quarter worth approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in Analog Devices during the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Analog Devices in the first quarter worth $30,000. Institutional investors own 86.81% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald upped their target price on Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 target price on shares of Analog Devices in a research note on Wednesday, May 20th. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Needham & Company LLC lifted their price target on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Bank of America raised their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $441.00.
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.
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