Key Points
- CEO Vincent Roche sold 10,000 Analog Devices shares at an average price of $396.94, generating $3.97 million; the transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 7.97%.
- Analog Devices reported strong quarterly results, with EPS of $3.45 and revenue of $4.02 billion, exceeding analyst estimates while revenue increased 39.2% year over year.
- Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $460.09; the company also pays a quarterly dividend of $1.10 per share, yielding about 1.0%.
Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the transaction, the insider owned 14,849 shares of the company's stock, valued at $6,162,631.98. The trade was a 7.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Analog Devices Stock Up 0.5%
Shares of ADI stock opened at $419.10 on Tuesday. The firm's fifty day moving average price is $376.23 and its two-hundred day moving average price is $381.06. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The firm has a market capitalization of $203.08 billion, a P/E ratio of 49.72, a PEG ratio of 1.29 and a beta of 1.22.
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 (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. Analog Devices's quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.
Analog Devices Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Analog Devices's payout ratio is 52.19%.
Hedge Funds Weigh In On Analog Devices
A number of large investors have recently made changes to their positions in ADI. Riverbend Wealth Management LLC grew its holdings in shares of Analog Devices by 2.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock worth $396,000 after purchasing an additional 27 shares during the period. Bridgewater Advisors Inc. lifted its position in Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after buying an additional 27 shares in the last quarter. Silicon Valley Capital Partners grew its stake in Analog Devices by 4.2% during the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock worth $214,000 after buying an additional 27 shares during the period. Cornerstone Financial Management LLC grew its stake in Analog Devices by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock worth $31,000 after buying an additional 28 shares during the period. Finally, Sound Income Strategies LLC increased its position in shares of Analog Devices by 12.0% in the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock worth $90,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 86.81% of the company's stock.
Wall Street Analysts Forecast Growth
ADI has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, September 8th. Cantor Fitzgerald reissued an "overweight" rating and issued a $510.00 price objective (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research note on Monday, June 29th. Finally, Wells Fargo & Company dropped their target price on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $460.09.
Check Out Our Latest Analysis on ADI
About Analog Devices
(
Get Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.
The company's product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.
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