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

Key Points

• Analog Devices CFO Richard Puccio Jr. sold 1,500 shares at an average price of $389.46, totaling $584,190, under a pre-arranged Rule 10b5-1 trading plan. He retains 48,177 shares following the transaction.
• ADI shares recently traded at $405.96, while the company reported quarterly revenue of $4.02 billion and earnings per share of $3.45, exceeding analyst expectations; revenue increased 39.2% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $460.55. Institutional investors own approximately 86.81% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CFO Richard Puccio, Jr. sold 1,500 shares of the company's stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total value of $584,190.00. Following the sale, the chief financial officer owned 48,177 shares in the company, valued at approximately $18,763,014.42. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Price Performance

Shares of Analog Devices stock traded up $8.91 on Wednesday, reaching $405.96. The stock had a trading volume of 3,020,688 shares, compared to its average volume of 4,022,318. The business's 50 day moving average is $383.20 and its two-hundred day moving average is $388.18. The company has a market cap of $196.71 billion, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping 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 business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. Analog Devices's revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts anticipate that Analog Devices, Inc. will post 12.99 EPS for the current year.

Analog Devices Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADI. Needham & Company LLC lifted their price objective on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. The Goldman Sachs Group restated a "buy" rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Fundamental Research set a $550.00 price target on Analog Devices in a report on Monday, June 29th. KeyCorp raised their price target on Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Finally, Arete Research lifted their price target on Analog Devices from $487.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $460.55.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ADI. BlackRock Inc. purchased a new stake in shares of Analog Devices during the second quarter valued at $18,610,868,000. Bank of America Corp DE bought a new stake in Analog Devices in the 2nd quarter worth about $3,573,081,000. Van ECK Associates Corp raised its position in Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock worth $3,345,316,000 after buying an additional 1,670,957 shares during the last quarter. Amundi raised its position in Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock worth $1,604,771,000 after buying an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Analog Devices in the 2nd quarter worth about $1,525,167,000. Institutional investors own 86.81% of the company's stock.

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.

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