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 on Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total value of $3,563,300.00. Following the sale, the chief executive officer directly owned 134,660 shares of the company’s stock, valued at approximately $47,983,397.80. This represents 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 at this hyperlink. 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 stock was sold at an average price of $363.00, for a total value 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 Trading Up 1.6%

NASDAQ:ADI opened at $362.25 on Friday. The stock has a fifty day simple moving average of $377.17 and a 200 day simple moving average of $373.91. The firm has a market capitalization of $175.54 billion, a price-to-earnings ratio of 42.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year 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 posted its quarterly earnings data 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. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ADI shares. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Jefferies Financial Group raised their target price on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Citigroup boosted their price target on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Raymond James Financial reiterated an “outperform” rating and issued a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Truist Financial boosted their target price on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Two equities 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, the stock has a consensus rating of “Buy” and a consensus price target of $454.63.

Hedge Funds Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently made changes to their positions in ADI. California State Teachers Retirement System raised its holdings 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 valued at $117,688,546,000 after acquiring an additional 295,563,249 shares during the period. BlackRock Inc. acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $18,610,868,000. State Street Corp boosted its stake in Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock valued at $6,369,833,000 after buying an additional 88,538 shares in the last quarter. Morgan Stanley grew its position in Analog Devices by 1.9% during the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after acquiring an additional 194,535 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after purchasing an additional 501,604 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

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.