Analog Devices (NASDAQ:ADI) Stock: Insider Vivek Jain Sells 3,305 Shares

Analog Devices, Inc. (NASDAQ:ADI) insider Vivek Jain sold 3,305 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Vivek Jain also recently made the following trade(s):

• On Wednesday, October 7th, Vivek Jain sold 2,000 shares of Analog Devices stock. The stock was sold at an average price of $409.79, for a total value of $819,580.00.
• On Friday, October 2nd, Vivek Jain sold 2,000 shares of Analog Devices stock. The shares were sold at an average price of $416.98, for a total value of $833,960.00.

Analog Devices Trading Up 0.1%

Shares of Analog Devices stock traded up $0.26 during midday trading on Friday, reaching $406.19. 2,003,779 shares of the company’s stock traded hands, compared to its average volume of 4,039,900. The stock has a 50 day moving average of $379.24 and a 200-day moving average of $383.23. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The company has a market cap of $196.83 billion, a PE ratio of 48.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given 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 1.1%. Analog Devices’s dividend payout ratio is currently 52.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Needham & Company LLC upped their price target on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Cantor Fitzgerald restated an “overweight” rating and set a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Piper Sandler set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, September 8th. Evercore lowered their price target on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $460.09.

Institutional Investors Weigh In On Analog Devices

A number of institutional investors have recently modified their holdings of ADI. Banque Transatlantique SA bought a new stake in Analog Devices during the 4th quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new position in shares of Analog Devices in the second quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new position in shares of Analog Devices in the second quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Analog Devices during the fourth quarter valued at approximately $26,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Analog Devices during the first quarter valued at approximately $30,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.