Analog Devices (NASDAQ:ADI) CFO Richard Puccio, Jr. Sells 1,500 Shares of Company Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 1,500 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the transaction, the chief financial officer owned 48,177 shares of the company’s stock, valued at $18,763,014.42. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Performance

Shares of ADI opened at $405.96 on Thursday. The stock has a 50-day moving average of $383.63 and a two-hundred day moving average of $388.80. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a market cap of $196.72 billion, a P/E ratio of 48.16, a P/E/G ratio of 1.22 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for 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 company’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s payout ratio is 52.19%.

Institutional Investors Weigh In On Analog Devices

Several hedge funds have recently bought and sold shares of ADI. Pinnacle Bancorp Inc. grew its stake in shares of Analog Devices by 28.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 391 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 86 shares during the period. Foster Victor Wealth Advisors LLC increased its holdings in shares of Analog Devices by 46.8% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 31,566 shares of the semiconductor company’s stock valued at $12,448,000 after purchasing an additional 10,068 shares in the last quarter. Vest Financial LLC lifted its stake in shares of Analog Devices by 45.7% in the 3rd quarter. Vest Financial LLC now owns 53,026 shares of the semiconductor company’s stock valued at $21,036,000 after purchasing an additional 16,626 shares during the period. Arwa LLC acquired a new position in shares of Analog Devices in the 3rd quarter valued at $1,122,000. Finally, Axecap Investments LLC lifted its stake in shares of Analog Devices by 9.1% in the 3rd quarter. Axecap Investments LLC now owns 12,271 shares of the semiconductor company’s stock valued at $4,868,000 after purchasing an additional 1,022 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADI. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $510.00 price target (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Arete Research lifted their price objective on shares of Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Stifel Nicolaus upped their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, KeyCorp upped their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices News Roundup

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: TD Cowen raised its price target for Analog Devices (ADI) from $460 to $475 and reiterated a “buy” rating, signaling continued confidence in the company’s earnings outlook and potential upside. Benzinga analyst price target report
• Positive Sentiment: Analog Devices disclosed that Tutanota LLC is seeking to purchase up to 100,000 ADI shares for $525 each in an unsolicited mini-tender offer. Although ADI recommended that shareholders reject the offer, the premium price drew investor attention and may reinforce perceptions that the stock is valuable. Analog Devices mini-tender offer announcement
• Neutral Sentiment: Exchange-traded funds were reported to be buying Analog Devices shares on October 19, suggesting continued institutional demand, though the report did not identify the size or strategic significance of the purchases. ETF purchases of Analog Devices
• Negative Sentiment: Chief Financial Officer Richard Puccio sold 1,500 shares valued at approximately $584,000. The transaction reduced his direct holdings by 3.02%, but it was executed under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal about management’s view of ADI’s prospects. Richard Puccio insider transaction

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.