Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $407.28, for a total value of $576,708.48. Following the completion of the sale, the director owned 106,015 shares of the company’s stock, valued at approximately $43,177,789.20. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ray Stata also recently made the following trade(s):
- On Tuesday, October 6th, Ray Stata sold 1,416 shares of Analog Devices stock. The shares were sold at an average price of $420.04, for a total value of $594,776.64.
- On Tuesday, September 8th, Ray Stata sold 1,416 shares of Analog Devices stock. The stock was sold at an average price of $362.85, for a total value of $513,795.60.
Analog Devices Stock Up 0.7%
ADI stock traded up $2.55 during trading on Friday, reaching $363.56. 6,867,357 shares of the stock were exchanged, compared to its average volume of 4,112,171. The firm’s 50 day moving average is $390.74 and its 200 day moving average is $373.14. The firm has a market cap of $176.17 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current year.
Analog Devices Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors 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%.
Institutional Investors Weigh In On Analog Devices
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Analog Devices in the second quarter valued at about $18,610,868,000. Bank of America Corp DE lifted its position 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 in the last quarter. Van ECK Associates Corp grew its position in Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after purchasing an additional 1,670,957 shares in the last quarter. Amundi increased its stake in Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock valued at $1,604,771,000 after buying an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Analog Devices in the 2nd quarter valued at about $1,525,167,000. Institutional investors own 86.81% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on ADI. KeyCorp boosted their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. BMO Capital Markets began coverage on shares of Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, August 24th. The Goldman Sachs Group reissued a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $460.55.
View Our Latest Stock Report on Analog Devices
Analog Devices Company Profile
Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.
The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.
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