Key Points
- Analog Devices CFO Richard Puccio Jr. sold 2,683 shares for approximately $1.0 million at an average price of $374.56 under a pre-arranged Rule 10b5-1 trading plan. He retains 54,177 shares valued at roughly $20.3 million.
- Analog Devices reported stronger-than-expected quarterly results, with adjusted EPS of $3.45 versus the $3.34 consensus and revenue of $4.02 billion versus $3.92 billion expected. Revenue rose 39.2% year over year.
- Analysts maintain a broadly positive view, with an average “Buy” rating and a $454.63 price target, while the company declared a quarterly dividend of $1.10 per share, representing a 1.2% yield.
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their position. The sale 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 Price Performance
Analog Devices stock opened at $374.52 on Friday. The stock's 50 day moving average is $384.22 and its 200 day moving average is $373.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The firm has a market cap of $181.48 billion, a P/E ratio of 44.43, a P/E/G ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91.
Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating 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 net margin of 29.79% and a return on equity of 16.39%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.
Analog Devices Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid 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 dividend payout ratio is currently 52.19%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $550.00 target price on shares of Analog Devices in a report on Monday, August 17th. Citigroup increased their price target on Analog Devices from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Morgan Stanley lifted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Needham & Company LLC raised their price objective on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Wells Fargo & Company reduced their price target on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Analog Devices has an average rating of "Buy" and an average price target of $454.63.
Check Out Our Latest Stock Analysis on Analog Devices
Hedge Funds Weigh In On Analog Devices
A number of hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV boosted its holdings in Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock worth $60,358,000 after purchasing an additional 69,202 shares during the last quarter. Covenant Asset Management LLC purchased a new stake in Analog Devices in the 4th quarter valued at about $2,500,000. MGO One Seven LLC increased its stake in Analog Devices by 17.7% in the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock valued at $12,352,000 after buying an additional 6,846 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Analog Devices by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after buying an additional 23,531 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Analog Devices by 108.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock worth $6,511,000 after acquiring an additional 10,648 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.
Analog Devices Company Profile
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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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