Analog Devices (NASDAQ:ADI) Insider Vivek Jain Sells 2,000 Shares of Company Stock

Analog Devices, Inc. (NASDAQ:ADI) insider Vivek Jain sold 2,000 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $416.98, for a total value of $833,960.00. Following the completion of the sale, the insider directly owned 45,733 shares in the company, valued at $19,069,746.34. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Analog Devices Price Performance

Shares of Analog Devices stock traded up $1.95 on Monday, hitting $419.10. The company’s stock had a trading volume of 2,130,345 shares, compared to its average volume of 4,070,410. The company has a market capitalization of $203.08 billion, a P/E ratio of 49.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The firm has a fifty day moving average price of $375.29 and a 200-day moving average price of $380.32. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio is 52.19%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Evercore lowered their price objective on Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. Morgan Stanley upped their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $460.09.

Institutional Trading of Analog Devices

A number of institutional investors have recently modified their holdings of ADI. Ferguson Wellman Capital Management Inc. lifted its position in Analog Devices by 0.8% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 139,336 shares of the semiconductor company’s stock valued at $55,276,000 after buying an additional 1,048 shares in the last quarter. Polaris Financial Partners acquired a new stake in shares of Analog Devices in the third quarter valued at about $102,000. Boltwood Capital Management lifted its position in Analog Devices by 1.4% during the 3rd quarter. Boltwood Capital Management now owns 2,935 shares of the semiconductor company’s stock worth $1,164,000 after acquiring an additional 40 shares in the last quarter. CX Institutional raised its stake in shares of Analog Devices by 521.8% during the third quarter. CX Institutional now owns 29,958 shares of the semiconductor company’s stock valued at $11,885,000 after purchasing an additional 25,140 shares during the period. Finally, Private Client Services LLC lifted its position in shares of Analog Devices by 120.1% during the third quarter. Private Client Services LLC now owns 1,347 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

About Analog Devices

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.