Key Points
- Director Ray Stata sold 1,416 shares of Analog Devices at an average price of $398.11, totaling about $563,724. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still holds 118,759 shares.
- Analog Devices reported strong quarterly results, posting EPS of $3.09 versus the $2.89 consensus and revenue of $3.62 billion versus estimates of $3.51 billion. Revenue rose 37.2% year over year, and the company issued Q3 guidance of $3.15 to $3.45 EPS.
- Analysts remain constructive on ADI, with several firms raising price targets and maintaining buy or outperform ratings. The stock’s consensus rating is Moderate Buy, with an average target price of $432.71.
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) Director Ray Stata sold 1,416 shares of the firm's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76. Following the sale, the director owned 118,759 shares in the company, valued at approximately $47,279,145.49. This represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 Up 1.4%
ADI stock opened at $417.79 on Friday. The firm has a market cap of $203.50 billion, a PE ratio of 62.08, a P/E/G ratio of 1.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The firm's fifty day moving average is $391.76 and its 200 day moving average is $334.69. Analog Devices, Inc. has a one year low of $218.37 and a one year high of $439.70.
Analog Devices (NASDAQ:ADI - Get Free Report) last released 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. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm's revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the business earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current year.
Analog Devices Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, June 2nd. Analog Devices's dividend payout ratio (DPR) is currently 65.38%.
Analyst Ratings Changes
ADI has been the topic of several analyst reports. Raymond James Financial restated an "outperform" rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $400.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, May 26th. Wells Fargo & Company lifted their target price on shares of Analog Devices from $470.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Sunday, May 24th. Finally, Benchmark lifted their target price on shares of Analog Devices from $285.00 to $400.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $432.71.
Check Out Our Latest Stock Report on Analog Devices
Hedge Funds Weigh In On Analog Devices
A number of institutional investors have recently bought and sold shares of ADI. Riverbend Wealth Management LLC raised its stake in shares of Analog Devices by 2.2% in the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock valued at $396,000 after acquiring an additional 27 shares during the period. Bridgewater Advisors Inc. raised its stake in shares of Analog Devices by 1.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after acquiring an additional 27 shares during the period. Silicon Valley Capital Partners raised its stake in shares of Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock valued at $214,000 after acquiring an additional 27 shares during the period. Sound Income Strategies LLC raised its stake in shares of Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 30 shares during the period. Finally, 1620 Investment Advisors Inc. raised its stake in shares of Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company's stock valued at $182,000 after acquiring an additional 32 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.
Analog Devices News Roundup
Here are the key news stories impacting Analog Devices this week:
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
