Analog Devices (NASDAQ:ADI) Stock Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Analog Devices, Inc. NASDAQ: ADI. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Analog Devices stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

Analog Devices Trading Up 2.3 %

ADI stock traded up $4.73 during midday trading on Friday, hitting $207.51. The company had a trading volume of 3,537,537 shares, compared to its average volume of 3,481,962. The stock has a market cap of $102.92 billion, a price-to-earnings ratio of 66.09, a PEG ratio of 2.85 and a beta of 0.98. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The stock's 50 day moving average price is $196.04 and its 200 day moving average price is $210.70.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $1.73 earnings per share. The firm's revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its board has authorized a stock repurchase program on Tuesday, February 18th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a $0.99 dividend. This is a boost from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices's dividend payout ratio is presently 126.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ADI shares. Stifel Nicolaus dropped their price objective on shares of Analog Devices from $275.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research report on Thursday, February 20th. Barclays dropped their target price on Analog Devices from $240.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Lake Street Capital assumed coverage on Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating on the stock. Finally, Maxim Group assumed coverage on Analog Devices in a research report on Friday, February 14th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $250.43.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the sale, the director now owns 186,321 shares in the company, valued at $33,576,907.41. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the transaction, the executive vice president now owns 43,175 shares in the company, valued at $9,066,750. This represents a 22.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,934 shares of company stock worth $8,735,156 in the last 90 days. Corporate insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On Analog Devices

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CenterBook Partners LP bought a new position in shares of Analog Devices in the 1st quarter worth $1,553,000. Waycross Partners LLC boosted its position in shares of Analog Devices by 24.7% during the first quarter. Waycross Partners LLC now owns 121,302 shares of the semiconductor company's stock worth $24,463,000 after purchasing an additional 24,041 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Analog Devices by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,874,080 shares of the semiconductor company's stock valued at $579,616,000 after buying an additional 71,615 shares during the period. Coign Capital Advisors LLC acquired a new position in Analog Devices in the first quarter valued at about $459,000. Finally, ASR Vermogensbeheer N.V. bought a new stake in shares of Analog Devices in the first quarter worth about $8,414,000. Institutional investors and hedge funds own 86.81% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

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