Analog Devices (NASDAQ:ADI) CFO Richard Puccio, Jr. Sells 2,683 Shares of Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This represents a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Performance

ADI stock opened at $374.52 on Friday. 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 twelve month low of $223.47 and a twelve month high of $445.91. The business’s fifty day moving average is $384.22 and its 200-day moving average is $373.02. The company has a market cap of $181.48 billion, a P/E ratio of 44.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results 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 company 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%.Analog Devices’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be 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 of this dividend is Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Institutional Trading of Analog Devices

Several large investors have recently made changes to their positions in ADI. Banque Transatlantique SA bought a new position in shares of Analog Devices in the fourth quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in Analog Devices in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in shares of Analog Devices during the second quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new position in shares of Analog Devices during the fourth quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Analog Devices during the fourth quarter worth $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Argus set a $460.00 target price on shares of Analog Devices in a research note on Tuesday, May 26th. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price target on shares of Analog Devices in a report on Monday, August 17th. Truist Financial raised their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Evercore restated an “outperform” rating and set a $474.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, Oppenheimer upped their target price on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Two 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $454.63.

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.