Insider Selling: Analog Devices (NASDAQ:ADI) CEO Sells $4,254,600.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $425.46, for a total value of $4,254,600.00. Following the transaction, the chief executive officer owned 125,670 shares in the company, valued at $53,467,558.20. This trade represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Thursday, October 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00.
  • On Tuesday, September 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $356.33, for a total value of $3,563,300.00.

Analog Devices Stock Down 11.1%

NASDAQ ADI opened at $361.01 on Friday. The stock’s 50-day moving average price is $390.74 and its 200-day moving average price is $373.14. 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, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a market capitalization of $174.93 billion, a P/E ratio of 42.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24.

Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during 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 firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analysts Set New Price Targets

ADI has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. 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. Piper Sandler set a $460.00 target price on shares of Analog Devices in a report on Tuesday, September 8th. Morgan Stanley increased their price target on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, Arete Research increased their price target on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Get Our Latest Research Report on Analog Devices

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADI. BlackRock Inc. purchased a new stake in Analog Devices in the second quarter worth $18,610,868,000. Bank of America Corp DE boosted its stake in shares of Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after purchasing an additional 501,604 shares during the period. Van ECK Associates Corp boosted its stake in shares of Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after purchasing an additional 1,670,957 shares during the period. Amundi grew its holdings in shares of Analog Devices by 5.3% in the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after purchasing an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Analog Devices in the second quarter worth about $1,525,167,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Analog Devices (NASDAQ:ADI)

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