Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CAO Michael Sondel sold 4,199 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the transaction, the chief accounting officer directly owned 14,740 shares in the company, valued at approximately $5,321,434.80. This trade represents a 22.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Michael Sondel also recently made the following trade(s):
- On Wednesday, December 10th, Michael Sondel sold 8,169 shares of Analog Devices stock. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07.
Analog Devices Stock Performance
Shares of ADI stock opened at $354.35 on Friday. The company has a market capitalization of $172.99 billion, a P/E ratio of 64.78, a price-to-earnings-growth ratio of 1.68 and a beta of 1.03. The company's 50 day moving average price is $308.85 and its two-hundred day moving average price is $268.40. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $363.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76.
Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.
Analog Devices Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a boost from Analog Devices's previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices's payout ratio is currently 72.39%.
Institutional Trading of Analog Devices
Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in shares of Analog Devices by 12.9% in the third quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company's stock valued at $41,907,000 after purchasing an additional 19,383 shares during the period. SG Americas Securities LLC raised its position in shares of Analog Devices by 684.6% during the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company's stock worth $211,871,000 after acquiring an additional 752,411 shares in the last quarter. Voya Investment Management LLC raised its stake in Analog Devices by 22.3% during the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company's stock worth $317,789,000 after acquiring an additional 236,211 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Analog Devices by 26.4% during the third quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company's stock worth $10,795,000 after purchasing an additional 9,174 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Analog Devices by 18.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company's stock valued at $5,094,000 after acquiring an additional 3,286 shares during the period. 86.81% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently issued reports on ADI. The Goldman Sachs Group increased their price target on shares of Analog Devices from $300.00 to $370.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Truist Financial upped their price objective on shares of Analog Devices from $291.00 to $364.00 and gave the company a "hold" rating in a report on Thursday, February 19th. Benchmark lifted their price target on Analog Devices from $285.00 to $400.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Weiss Ratings cut shares of Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, January 20th. Finally, Morgan Stanley restated an "overweight" rating and set a $373.00 price objective on shares of Analog Devices in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $366.96.
Read Our Latest Stock Analysis on Analog Devices
About Analog Devices
(
Get Free Report)
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.
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