Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $373.14 and traded as low as $360.13. Analog Devices shares last traded at $361.01, with a volume of 13,098,689 shares.
Analyst Ratings Changes
A number of research analysts recently issued reports on ADI shares. Wells Fargo & Company cut their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. TD Cowen raised their price objective on Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $460.55.
Analog Devices Price Performance
The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The stock has a market capitalization of $174.93 billion, a P/E ratio of 42.82, a P/E/G ratio of 0.98 and a beta of 1.24. The firm has a fifty day moving average of $390.74 and a two-hundred day moving average of $373.14.
Analog Devices (NASDAQ:ADI – Get Free Report) last released 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 firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company’s quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.
Analog Devices Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued 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 (DPR) is currently 52.19%.
Insiders Place Their Bets
In other Analog Devices news, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the transaction, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 51,020 shares of company stock valued at $20,105,198. 0.36% of the stock is currently owned by insiders.
Institutional Trading of Analog Devices
Several institutional investors and hedge funds have recently bought and sold shares of ADI. CENTRAL TRUST Co boosted its stake in shares of Analog Devices by 1.4% in the third quarter. CENTRAL TRUST Co now owns 3,522 shares of the semiconductor company’s stock worth $1,397,000 after buying an additional 50 shares during the last quarter. Endeavor Private Wealth Inc. raised its position in Analog Devices by 5.5% during the third quarter. Endeavor Private Wealth Inc. now owns 1,529 shares of the semiconductor company’s stock worth $607,000 after acquiring an additional 80 shares during the period. Maryland State Retirement & Pension System lifted its stake in Analog Devices by 15.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 30,052 shares of the semiconductor company’s stock valued at $11,922,000 after buying an additional 3,943 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Analog Devices by 17.5% in the third quarter. Ritholtz Wealth Management now owns 10,085 shares of the semiconductor company’s stock worth $4,001,000 after acquiring an additional 1,504 shares during the last quarter. Finally, NBH Bank boosted its stake in Analog Devices by 24.4% during the 3rd quarter. NBH Bank now owns 224 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 44 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.
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.
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