Analog Devices (NASDAQ:ADI) Shares Break Below Two Hundred Day Moving Average – What’s Next?

Shares of Analog Devices, Inc. (NASDAQ:ADI) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $373.14 and traded as low as $360.13. Analog Devices shares last traded at $361.01, with a volume of 13,098,689 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Evercore decreased their price objective on Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. Arete Research boosted their target price on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, August 20th. KeyCorp upped their price target on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Stock Up 0.7%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The firm has a market capitalization of $176.17 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 1.00 and a beta of 1.24. The firm has a fifty day moving average price of $390.52 and a 200 day moving average price of $373.48.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping 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 firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. Analog Devices’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared 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 of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Transactions at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the transaction, the chief executive officer owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This represents a 7.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,436 shares of company stock valued at $20,681,906. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Analog Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in ADI. Rasp Wealth Solutions LLC increased its position in shares of Analog Devices by 6.2% during the 3rd quarter. Rasp Wealth Solutions LLC now owns 850 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 50 shares during the period. McKinney Capital Management LLC lifted its holdings in shares of Analog Devices by 4.6% in the third quarter. McKinney Capital Management LLC now owns 1,135 shares of the semiconductor company’s stock valued at $450,000 after buying an additional 50 shares during the period. Cornerstone Advisory LLC lifted its holdings in shares of Analog Devices by 34.1% in the third quarter. Cornerstone Advisory LLC now owns 782 shares of the semiconductor company’s stock valued at $310,000 after buying an additional 199 shares during the period. Ibex Wealth Advisors bought a new position in Analog Devices during the third quarter valued at about $390,000. Finally, Cornerstone Advisors LLC boosted its stake in Analog Devices by 45.6% during the third quarter. Cornerstone Advisors LLC now owns 33,246 shares of the semiconductor company’s stock valued at $13,189,000 after buying an additional 10,406 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.