Analog Devices (NASDAQ:ADI) CFO Sells $573,285.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $382.19, for a total transaction of $573,285.00. Following the sale, the chief financial officer owned 51,177 shares of the company’s stock, valued at $19,559,337.63. This trade represents a 2.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Down 1.3%

ADI traded down $5.14 during trading on Wednesday, hitting $385.23. 3,155,982 shares of the company’s stock were exchanged, compared to its average volume of 4,134,695. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The stock has a market cap of $186.67 billion, a P/E ratio of 45.70, a PEG ratio of 1.18 and a beta of 1.20. The business’s 50 day moving average is $372.63 and its two-hundred day moving average is $375.77. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company earned $2.05 earnings per share. The business’s 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 expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Institutional Trading of Analog Devices

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE bought a new stake in shares of Analog Devices in the second quarter valued at approximately $3,573,081,000. Norges Bank purchased a new stake in shares of Analog Devices during the 4th quarter valued at approximately $2,215,516,000. Legal & General Group Plc purchased a new stake in shares of Analog Devices during the 2nd quarter valued at approximately $1,525,167,000. Finally, Bank of New York Mellon Corp bought a new position in Analog Devices in the 2nd quarter worth approximately $1,326,066,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Argus set a $460.00 price target on Analog Devices in a research report on Tuesday, May 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Analog Devices in a research note on Tuesday, September 8th. KeyCorp increased their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. BMO Capital Markets began coverage on shares of Analog Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $457.97.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.