Analog Devices (NASDAQ:ADI) Stock: Insider Richard Puccio, Jr. Sells 1,500 Shares

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total transaction of $584,190.00. Following the transaction, the chief financial officer directly owned 48,177 shares of the company’s stock, valued at $18,763,014.42. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Performance

Analog Devices stock traded up $8.91 during midday trading on Wednesday, reaching $405.96. 3,020,688 shares of the company traded hands, compared to its average volume of 4,022,318. The firm has a market capitalization of $196.71 billion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. The business has a 50 day moving average of $383.20 and a two-hundred day moving average of $388.18. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (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 company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company posted $2.05 earnings per share. 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, research analysts predict that Analog Devices, Inc. will post 12.99 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid 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 1.1%. Analog Devices’s payout ratio is currently 52.19%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ADI shares. Needham & Company LLC raised their price target on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Fundamental Research set a $550.00 price objective on Analog Devices in a research report on Monday, June 29th. Evercore lowered their target price on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Finally, KeyCorp increased their target price on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $460.55.

Institutional Trading of Analog Devices

Large investors have recently added to or reduced their stakes in the business. Arwa LLC bought a new stake in shares of Analog Devices during the 3rd quarter valued at $1,122,000. Axecap Investments LLC increased its stake in shares of Analog Devices by 9.1% in the 3rd quarter. Axecap Investments LLC now owns 12,271 shares of the semiconductor company’s stock worth $4,868,000 after purchasing an additional 1,022 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Analog Devices by 5.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 13,828 shares of the semiconductor company’s stock worth $5,734,000 after purchasing an additional 717 shares during the period. Integrated Advisors Network LLC raised its holdings in Analog Devices by 18.6% in the 3rd quarter. Integrated Advisors Network LLC now owns 8,930 shares of the semiconductor company’s stock worth $3,543,000 after purchasing an additional 1,400 shares during the period. Finally, Harfst & Associates Inc. raised its holdings in Analog Devices by 0.7% in the 3rd quarter. Harfst & Associates Inc. now owns 5,646 shares of the semiconductor company’s stock worth $2,240,000 after purchasing an additional 40 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.