Insider Selling: Analog Devices (NASDAQ:ADI) CFO Sells $573,285.00 in Stock

Analog Devices, Inc. (NASDAQ:ADI) CFO Richard Puccio, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $382.19, for a total transaction of $573,285.00. Following the sale, the chief financial officer owned 51,177 shares of the company’s stock, valued at approximately $19,559,337.63. This represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Up 2.9%

Analog Devices stock opened at $393.60 on Friday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve 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 firm has a market cap of $190.73 billion, a PE ratio of 46.69, a P/E/G ratio of 1.18 and a beta of 1.20. The firm’s 50 day moving average price is $372.92 and its two-hundred day moving average price is $376.75.

Analog Devices (NASDAQ:ADI) last issued 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 net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the business posted $2.05 EPS. The company’s revenue for the quarter 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, research analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in Analog Devices by 12.3% during the 2nd quarter. QRG Capital Management Inc. now owns 108,465 shares of the semiconductor company’s stock valued at $43,079,000 after purchasing an additional 11,849 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Analog Devices by 5.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 57,006 shares of the semiconductor company’s stock valued at $22,641,000 after buying an additional 3,096 shares during the last quarter. Wellington Altus USA Inc. increased its position in Analog Devices by 212.1% in the 2nd quarter. Wellington Altus USA Inc. now owns 1,002 shares of the semiconductor company’s stock worth $398,000 after buying an additional 681 shares during the period. Bouchey Financial Group Ltd. bought a new position in Analog Devices in the 2nd quarter worth approximately $205,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Analog Devices by 5.1% during the second quarter. Sequoia Financial Advisors LLC now owns 21,450 shares of the semiconductor company’s stock worth $8,519,000 after buying an additional 1,041 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on ADI. Morgan Stanley upped their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research note on Thursday, August 20th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company dropped their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Buy” and a consensus price target of $457.97.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.