Analog Devices Sees Unusually High Options Volume (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI) was the target of unusually large options trading on Tuesday. Stock investors acquired 22,362 call options on the company. This represents an increase of approximately 124% compared to the typical daily volume of 9,991 call options.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 134,660 shares of the company’s stock, valued at $47,983,397.80. This represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director directly owned 10,019 shares in the company, valued at $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 39,931 shares of company stock worth $14,903,950 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Analog Devices

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in 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 purchasing an additional 529 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Analog Devices by 36.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after buying an additional 464 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of Analog Devices by 38.0% in the second quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock valued at $10,610,000 after acquiring an additional 12,276 shares in the last quarter. HUB Investment Partners LLC purchased a new stake in shares of Analog Devices during the second quarter valued at approximately $644,000. Finally, Peapack Gladstone Financial Corp increased its position in shares of Analog Devices by 2.4% during the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock valued at $14,322,000 after acquiring an additional 1,406 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several analyst reports. TD Cowen reaffirmed a “buy” rating and set a $460.00 price target on shares of Analog Devices in a research note on Tuesday. Fundamental Research set a $550.00 target price on Analog Devices in a research report on Monday, June 29th. Truist Financial lifted 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. Raymond James Financial reiterated an “outperform” rating and issued a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $457.97.

Analog Devices Trading Up 0.2%

Shares of Analog Devices stock traded up $0.89 on Tuesday, hitting $363.14. 1,104,596 shares of the company’s stock traded hands, compared to its average volume of 4,159,381. The company has a fifty day moving average of $376.58 and a two-hundred day moving average of $374.34. Analog Devices has a one year low of $223.47 and a one year high of $445.91. The company has a market capitalization of $175.97 billion, a price-to-earnings ratio of 43.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The business 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 for the quarter was up 39.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts expect that Analog Devices will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

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

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.