Analog Devices (NASDAQ:ADI) Director Ray Stata Sells 1,416 Shares of Stock

Key Points

• Analog Devices director Ray Stata sold 1,416 shares for $576,708 at an average price of $407.28, under a pre-arranged Rule 10b5-1 plan. He retained 106,015 shares after the sale.
• Analog Devices’ latest reported quarter beat expectations, with EPS of $3.45 versus a $3.34 estimate and revenue of $4.02 billion, up 39.2% year over year.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $460.55.

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $407.28, for a total value of $576,708.48. Following the completion of the transaction, the director owned 106,015 shares in the company, valued at $43,177,789.20. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ray Stata also recently made the following trade(s):

• On Tuesday, October 6th, Ray Stata sold 1,416 shares of Analog Devices stock. The shares were sold at an average price of $420.04, for a total value of $594,776.64.
• On Tuesday, September 8th, Ray Stata sold 1,416 shares of Analog Devices stock. The shares were sold at an average price of $362.85, for a total value of $513,795.60.

Analog Devices Stock Performance

Shares of ADI stock traded up $2.55 during trading hours on Friday, reaching $363.56. 6,867,357 shares of the company's stock were exchanged, compared to its average volume of 4,112,171. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The stock has a market capitalization of $176.17 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.98 and a beta of 1.24. The business has a fifty day moving average price of $390.74 and a 200-day moving average price of $373.14. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the prior year, the business earned $2.05 earnings per share. Analog Devices'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. Analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

Analysts Set New Price Targets

ADI has been the topic of several research reports. Sanford C. Bernstein upgraded 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. TD Cowen raised their price objective on Analog Devices from $460.00 to $475.00 and gave the stock a "buy" rating in a research report on Monday, October 19th. Weiss Ratings raised Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Seaport Research Partners upgraded 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, BMO Capital Markets started coverage on Analog Devices in a research note on Thursday, August 20th. They issued an "outperform" rating and a $430.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $460.55.

Hedge Funds Weigh In On Analog Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Analog Devices in the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE acquired a new stake in shares of Analog Devices during the 2nd quarter worth approximately $3,573,081,000. Van ECK Associates Corp grew its position in shares of Analog Devices by 24.7% during 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 period. Amundi increased its stake in shares of Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock valued at $1,604,771,000 after acquiring an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Analog Devices during the 2nd quarter valued at $1,525,167,000. Institutional investors own 86.81% of the company's stock.

About Analog Devices

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company's products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.

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