Ray Stata Sells 1,416 Shares of Analog Devices (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total value of $534,355.92. Following the sale, the director directly owned 114,511 shares of the company’s stock, valued at $43,213,016.07. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ray Stata also recently made the following trade(s):

• On Tuesday, July 7th, Ray Stata sold 1,416 shares of Analog Devices stock. The shares were sold at an average price of $377.01, for a total value of $533,846.16.
• On Wednesday, June 10th, Ray Stata sold 1,416 shares of Analog Devices stock. The stock was sold at an average price of $398.11, for a total value of $563,723.76.
• On Tuesday, June 9th, Ray Stata sold 1,432 shares of Analog Devices stock. The stock was sold at an average price of $400.83, for a total value of $573,988.56.

Analog Devices Price Performance

Shares of Analog Devices stock traded down $0.38 during trading on Thursday, reaching $377.31. The company’s stock had a trading volume of 3,533,881 shares, compared to its average volume of 4,263,948. The stock has a 50-day moving average price of $395.90 and a two-hundred day moving average price of $365.24. The stock has a market capitalization of $183.78 billion, a P/E ratio of 56.06, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a one year low of $221.15 and a one year high of $445.91.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio is currently 65.38%.

Institutional Trading of Analog Devices

Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Analog Devices in the 4th quarter valued at approximately $2,215,516,000. Bank of New York Mellon Corp acquired a new position in shares of Analog Devices during the 2nd quarter worth about $1,326,066,000. Bank of America Corp DE raised its stake in Analog Devices by 42.8% in the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after buying an additional 2,912,666 shares during the period. Amundi raised its stake in Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after acquiring an additional 1,922,302 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Analog Devices by 29.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock worth $1,186,714,000 after buying an additional 1,091,004 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADI. Fundamental Research set a $550.00 target price on Analog Devices in a research note on Monday, June 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. TD Cowen lifted their price objective on Analog Devices from $450.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Bank of America boosted their price objective on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Citigroup raised their target price on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $441.00.

About Analog Devices

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.