Ray Stata Sells 1,416 Shares of Analog Devices (NASDAQ:ADI) Stock

Analog Devices, Inc. (NASDAQ:ADI) Director Ray Stata sold 1,416 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total transaction of $533,846.16. Following the transaction, the director owned 117,343 shares in the company, valued at approximately $44,239,484.43. The trade was a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ray Stata also recently made the following trade(s):

• On Wednesday, June 10th, Ray Stata sold 1,416 shares of Analog Devices stock. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76.
• On Tuesday, June 9th, Ray Stata sold 1,432 shares of Analog Devices stock. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56.

Analog Devices Stock Performance

ADI stock traded up $8.24 during trading on Thursday, reaching $393.64. 3,105,788 shares of the stock were exchanged, compared to its average volume of 4,312,895. Analog Devices, Inc. has a twelve month low of $218.37 and a twelve month high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $191.74 billion, a P/E ratio of 58.49, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The stock has a 50 day simple moving average of $408.53 and a 200-day simple moving average of $352.05.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the prior year, the firm posted $1.85 EPS. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 12.41 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s payout ratio is currently 65.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADI. Wolfe Research reaffirmed an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 target price on shares of Analog Devices in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company upped their price objective on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $439.79.

Hedge Funds Weigh In On Analog Devices

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares in the last quarter. Sivia Capital Partners LLC grew its position in Analog Devices by 36.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after acquiring an additional 464 shares during the last quarter. Ieq Capital LLC increased its holdings in Analog Devices by 38.0% during the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock valued at $10,610,000 after purchasing an additional 12,276 shares in the last quarter. HUB Investment Partners LLC bought a new position in Analog Devices in the 2nd quarter valued at $644,000. Finally, Peapack Gladstone Financial Corp boosted its stake in Analog Devices by 2.4% in the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock worth $14,322,000 after purchasing an additional 1,406 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

About Analog Devices

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.