Insider Selling: Analog Devices (NASDAQ:ADI) CEO Sells $3,563,300.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total value of $3,563,300.00. Following the completion of the transaction, the chief executive officer directly owned 134,660 shares of the company’s stock, valued at $47,983,397.80. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vincent Roche also recently made the following trade(s):

• On Monday, August 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00.
• On Wednesday, July 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $389.75, for a total value of $3,897,500.00.

Analog Devices Price Performance

Shares of ADI traded up $1.19 during trading hours on Wednesday, reaching $355.71. 3,097,594 shares of the company traded hands, compared to its average volume of 4,182,348. The stock has a market capitalization of $172.36 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The stock has a fifty day simple moving average of $380.04 and a 200 day simple moving average of $373.68. 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 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 released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company earned $2.05 EPS. Analog Devices’s revenue for the quarter 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, research analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Hedge Funds Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently modified their holdings of ADI. California State Teachers Retirement System grew its position in 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 during the last quarter. BlackRock Inc. acquired a new position in Analog Devices during the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE bought a new stake in shares of Analog Devices during the 2nd quarter worth about $3,573,081,000. Norges Bank acquired a new stake in shares of Analog Devices in the 4th quarter worth approximately $2,215,516,000. Finally, Legal & General Group Plc acquired a new position in shares of Analog Devices during the second quarter valued at approximately $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADI shares. Truist Financial upped their target price on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. TD Cowen restated a “buy” rating and issued a $460.00 price target on shares of Analog Devices in a research note on Thursday, August 20th. BMO Capital Markets initiated coverage on shares of Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock. Evercore reissued an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $454.63.

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.