Analog Devices (NASDAQ:ADI) Director Ray Stata Sells 1,432 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 1,432 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director directly owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Performance

Shares of ADI stock opened at $412.13 on Friday. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $439.70. The company has a market cap of $200.74 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The stock has a 50 day simple moving average of $389.82 and a 200-day simple moving average of $334.10. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the business posted $1.85 EPS. Analog Devices’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Institutional Investors Weigh In On Analog Devices

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Analog Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after purchasing an additional 503,970 shares during the last quarter. State Street Corp boosted its holdings in Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock valued at $6,369,833,000 after acquiring an additional 88,538 shares during the last quarter. Morgan Stanley boosted its holdings in Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after acquiring an additional 194,535 shares during the last quarter. Bank of America Corp DE boosted its holdings in Analog Devices by 5.2% in the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after acquiring an additional 501,604 shares during the last quarter. Finally, Norges Bank acquired a new position in Analog Devices in the fourth quarter valued at $2,215,516,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several research analyst reports. Argus set a $460.00 price objective on Analog Devices in a research note on Tuesday, May 26th. KeyCorp raised their price objective on Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Piper Sandler raised their price objective on Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Susquehanna raised their price objective on Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $432.71.

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.