Insider Selling: Analog Devices (NASDAQ:ADI) Insider Sells 1,200 Shares of Company Stock

Analog Devices, Inc. (NASDAQ:ADI) insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the transaction, the insider owned 14,849 shares in the company, valued at $6,162,631.98. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analog Devices Trading Up 0.5%

ADI traded up $1.95 during trading on Monday, reaching $419.10. 2,130,345 shares of the company’s stock were exchanged, compared to its average volume of 4,070,410. The company’s fifty day moving average price is $375.29 and its 200-day moving average price is $380.32. The firm has a market capitalization of $203.08 billion, a PE ratio of 49.72, a P/E/G ratio of 1.29 and a beta of 1.22. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. 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 posted its quarterly 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 company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The firm’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, equities analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Evercore reduced their price objective on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Stifel Nicolaus upped their target price on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. KeyCorp increased their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $460.09.

Hedge Funds Weigh In On Analog Devices

Several institutional investors have recently modified their holdings of ADI. ING Groep NV raised its holdings in shares of Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after acquiring an additional 69,202 shares during the period. IPG Investment Advisors LLC acquired a new position in Analog Devices in the 2nd quarter worth $1,922,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock worth $6,511,000 after purchasing an additional 10,648 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Analog Devices in the second quarter valued at about $500,414,000. Institutional investors own 86.81% of the company’s stock.

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.