Analog Devices (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the sale, the chief executive officer directly owned 134,660 shares of the company’s stock, valued at approximately $47,983,397.80. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vincent Roche also recently made the following trade(s):

• On Monday, August 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00.
• On Wednesday, July 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $389.75, for a total value of $3,897,500.00.

Analog Devices Trading Up 0.3%

Shares of NASDAQ:ADI traded up $1.19 during mid-day trading on Wednesday, hitting $355.71. The stock had a trading volume of 3,097,594 shares, compared to its average volume of 4,182,348. The company’s 50 day moving average is $380.04 and its 200-day moving average is $373.68. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month 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 company has a market cap of $172.36 billion, a PE ratio of 42.20, a P/E/G ratio of 1.12 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly 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 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%.Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $1.10 dividend. 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 is currently 52.19%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oppenheimer increased their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Needham & Company LLC upped their target price on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Raymond James Financial reiterated an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective on the stock in a research report on Thursday, August 20th. Finally, Fundamental Research set a $550.00 price target on shares of Analog Devices in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Buy” and a consensus price target of $454.63.

Institutional Investors Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently modified their holdings of ADI. Riverbend Wealth Management LLC lifted its holdings in shares of Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after buying an additional 27 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in shares of Analog Devices by 1.5% in the first 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 in the last quarter. Silicon Valley Capital Partners grew its stake in shares of Analog Devices by 4.2% in the first 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 in the last quarter. Cornerstone Financial Management LLC increased its position 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 acquiring an additional 28 shares during the period. Finally, Sound Income Strategies LLC raised its stake in Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

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.