Insider Selling: Analog Devices (NASDAQ:ADI) CFO Sells $1,004,944.48 in Stock

Key Points

• Analog Devices CFO Richard Puccio sold 2,683 shares for approximately $1.00 million at an average price of $374.56, reducing his direct holdings by 4.72% to 54,177 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
• Analog Devices reported quarterly earnings of $3.45 per share, beating estimates by $0.11, while revenue rose 39.2% year over year to $4.02 billion. Shares recently traded near $374.52, with a market capitalization of about $181.5 billion.
• The company declared a quarterly dividend of $1.10 per share, equivalent to an annualized $4.40 and a 1.2% yield. Analysts maintain a consensus “Buy” rating with an average price target of $454.63.

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analog Devices Stock Up 0.7%

Shares of NASDAQ:ADI traded up $2.72 during trading on Thursday, reaching $374.52. 3,886,272 shares of the stock were exchanged, compared to its average volume of 4,205,069. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The stock has a fifty day moving average of $385.42 and a two-hundred day moving average of $372.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The firm has a market cap of $181.48 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results 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 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 analysts' expectations of $3.92 billion. During the same quarter last year, the firm earned $2.05 EPS. The firm'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. Research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices's dividend payout ratio is currently 52.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of Analog Devices by 39,170.1% during the 2nd quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company's stock valued at $117,688,546,000 after purchasing an additional 295,563,249 shares during the period. BlackRock Inc. bought a new position in Analog Devices in the 2nd quarter worth about $18,610,868,000. Bank of America Corp DE bought a new position in Analog Devices in the 2nd quarter worth about $3,573,081,000. Norges Bank purchased a new position in Analog Devices during the 4th quarter valued at about $2,215,516,000. Finally, Legal & General Group Plc purchased a new position in Analog Devices during the 2nd quarter valued at about $1,525,167,000. 86.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ADI. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $480.00 price target on shares of Analog Devices in a report on Wednesday, August 19th. Raymond James Financial reissued an "outperform" rating and set a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Fundamental Research set a $550.00 target price on Analog Devices in a research report on Monday, June 29th. Oppenheimer boosted their target price on Analog Devices from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. Finally, TD Cowen reiterated a "buy" rating and set a $460.00 price target on shares of Analog Devices in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $454.63.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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