Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) Director Karen Golz sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director directly owned 10,019 shares of the company's stock, valued at $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Karen Golz also recently made the following trade(s):
- On Monday, July 13th, Karen Golz sold 1,000 shares of Analog Devices stock. The stock was sold at an average price of $389.83, for a total value of $389,830.00.
- On Friday, June 12th, Karen Golz sold 1,000 shares of Analog Devices stock. The stock was sold at an average price of $411.95, for a total value of $411,950.00.
Analog Devices Stock Down 3.4%
Analog Devices stock opened at $361.78 on Friday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The firm has a market capitalization of $175.31 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The stock's fifty day moving average is $382.77 and its two-hundred day moving average is $372.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.
Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.
Analog Devices Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is 52.19%.
Analysts Set New Price Targets
Several brokerages have issued reports on ADI. Robert W. Baird upped their price target on shares of Analog Devices from $450.00 to $675.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Weiss Ratings raised shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. KeyCorp lifted their price objective on Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Jefferies Financial Group upped their target price on Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Wednesday, May 20th. Finally, Oppenheimer increased their target price on Analog Devices from $400.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Analog Devices currently has an average rating of "Buy" and an average price target of $454.63.
View Our Latest Stock Analysis on ADI
Institutional Investors Weigh In On Analog Devices
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Financial Management LLC raised its position in shares of Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after buying an additional 28 shares during the last quarter. Corient Private Wealth LP boosted its position in Analog Devices by 34.0% during the second quarter. Corient Private Wealth LP now owns 444,500 shares of the semiconductor company's stock worth $176,542,000 after acquiring an additional 112,715 shares during the last quarter. Tucker Asset Management LLC grew its stake in Analog Devices by 8.8% in the 2nd quarter. Tucker Asset Management LLC now owns 1,067 shares of the semiconductor company's stock worth $424,000 after acquiring an additional 86 shares during the period. Advus Financial Partners LLC purchased a new stake in Analog Devices in the 2nd quarter worth approximately $218,000. Finally, Groupe la Francaise raised its holdings in Analog Devices by 5.4% in the 2nd quarter. Groupe la Francaise now owns 107,575 shares of the semiconductor company's stock valued at $42,740,000 after acquiring an additional 5,521 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.
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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