Richard Puccio, Jr. Sells 2,683 Shares of Analog Devices (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Price Performance

NASDAQ ADI traded up $2.72 on Thursday, hitting $374.52. The stock had a trading volume of 3,886,272 shares, compared to its average volume of 4,205,069. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-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. The company has a market capitalization of $181.48 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The firm has a 50-day moving average of $385.42 and a 200-day moving average of $372.64.

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

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Needham & Company LLC upped their target price on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Stifel Nicolaus boosted their price objective on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Barclays upped their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Wells Fargo & Company lowered their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th. Finally, Wolfe Research reiterated an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $454.63.

Institutional Investors Weigh In On Analog Devices

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in shares of Analog Devices by 39,170.1% in the 2nd quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company’s stock worth $117,688,546,000 after purchasing an additional 295,563,249 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Analog Devices during the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices during the 2nd quarter valued at about $3,573,081,000. Norges Bank bought a new stake in Analog Devices in the 4th quarter worth approximately $2,215,516,000. Finally, Legal & General Group Plc bought a new stake in Analog Devices in the 2nd quarter worth approximately $1,525,167,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Company Profile

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.