Insider Selling: Analog Devices (NASDAQ:ADI) Insider Sells 3,305 Shares of Company Stock

Key Points

• Analog Devices insider Vivek Jain sold 3,305 shares at an average price of $406.58, generating approximately $1.34 million and reducing his holdings by 7.56% to 40,428 shares.
• ADI shares traded near $406, with a market capitalization of about $196.8 billion. The company recently exceeded quarterly earnings and revenue estimates, reporting 39.2% year-over-year revenue growth.
• Analysts maintain a largely positive outlook, with a consensus “Moderate Buy” rating and an average price target of $460.09; the company also pays a $1.10 quarterly dividend, yielding about 1.1% annually.

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) insider Vivek Jain sold 3,305 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the transaction, the insider owned 40,428 shares in the company, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, October 7th, Vivek Jain sold 2,000 shares of Analog Devices stock. The shares were sold at an average price of $409.79, for a total transaction of $819,580.00.
• On Friday, October 2nd, Vivek Jain sold 2,000 shares of Analog Devices stock. The stock was sold at an average price of $416.98, for a total transaction of $833,960.00.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $0.26 during trading on Friday, reaching $406.19. The company had a trading volume of 2,003,779 shares, compared to its average volume of 4,039,900. The company has a fifty day moving average of $379.24 and a two-hundred day moving average of $383.23. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $196.83 billion, a P/E ratio of 48.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The firm's quarterly revenue 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. Equities research analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore decreased their price target on shares of Analog Devices from $474.00 to $462.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. Needham & Company LLC increased their target price on shares of Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 20th. BMO Capital Markets assumed coverage on shares of Analog Devices in a research report on Thursday, August 20th. They issued an "outperform" rating and a $430.00 target price on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Finally, Weiss Ratings raised Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. One research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $460.09.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Riversedge Advisors LLC raised its holdings in Analog Devices by 102.9% during the 3rd quarter. Riversedge Advisors LLC now owns 1,339 shares of the semiconductor company's stock valued at $531,000 after buying an additional 679 shares during the last quarter. Wedmont Private Capital grew its holdings in Analog Devices by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 14,194 shares of the semiconductor company's stock worth $5,762,000 after acquiring an additional 882 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its holdings in Analog Devices by 4.6% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 704 shares of the semiconductor company's stock worth $279,000 after acquiring an additional 31 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Analog Devices by 1.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 144,812 shares of the semiconductor company's stock valued at $57,448,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Diversified Management Inc. raised its stake in shares of Analog Devices by 8.0% during the third quarter. Diversified Management Inc. now owns 1,713 shares of the semiconductor company's stock valued at $680,000 after acquiring an additional 127 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other 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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