Analog Devices (NASDAQ:ADI) Insider Sells $819,580.00 in Stock

Key Points

• Insider selling: Vivek Jain sold 2,000 Analog Devices shares for $819,580, reducing his direct ownership by 4.37% to 43,733 shares. He also recently sold 3,305 and 2,000 additional shares.
• Strong financial performance: Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, surpassing analyst estimates, while revenue increased 39.2% year over year.
• Positive Wall Street outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of $460.09, compared with the stock’s reported trading price of $406.19. The company also pays a $1.10 quarterly dividend, yielding approximately 1.1%.

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) insider Vivek Jain sold 2,000 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $409.79, for a total transaction of $819,580.00. Following the completion of the sale, the insider directly owned 43,733 shares of the company's stock, valued at approximately $17,921,346.07. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vivek Jain also recently made the following trade(s):

• On Thursday, October 8th, Vivek Jain sold 3,305 shares of Analog Devices stock. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90.
• On Friday, October 2nd, Vivek Jain sold 2,000 shares of Analog Devices stock. The shares were sold at an average price of $416.98, for a total transaction of $833,960.00.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded up $0.26 during mid-day trading on Friday, hitting $406.19. The company had a trading volume of 2,003,779 shares, compared to its average volume of 4,039,900. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The firm has a market cap of $196.83 billion, a P/E ratio of 48.18, a PEG ratio of 1.27 and a beta of 1.22. The business's 50-day simple moving average is $379.24 and its 200-day simple moving average is $383.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued 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. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts predict 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. Investors of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices's dividend payout ratio is presently 52.19%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. Stifel Nicolaus upped their target price on shares of Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Sanford C. Bernstein raised shares of Analog Devices from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. The Goldman Sachs Group restated a "buy" rating and set a $480.00 price target (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Finally, Arete Research upped their price objective on Analog Devices from $487.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $460.09.

Hedge Funds Weigh In On Analog Devices

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Analog Devices during the second quarter worth approximately $18,610,868,000. State Street Corp grew its position in Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock worth $6,369,833,000 after acquiring an additional 88,538 shares during the last quarter. Bank of America Corp DE increased its holdings in Analog Devices by 5.2% during the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after purchasing an additional 501,604 shares in the last quarter. Van ECK Associates Corp increased its holdings in 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 valued at $3,345,316,000 after purchasing an additional 1,670,957 shares in the last quarter. Finally, 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 valued at $1,604,771,000 after purchasing an additional 254,632 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

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.

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