Insider Selling: Analog Devices (NASDAQ:ADI) Insider Sells $833,960.00 in Stock

Key Points

• Analog Devices insider Vivek Jain sold 2,000 shares for approximately $833,960 at an average price of $416.98, reducing his direct ownership by 4.19% to 45,733 shares.
• ADI recently reported stronger-than-expected quarterly results, with $3.45 in EPS and $4.02 billion in revenue; revenue increased 39.2% year over year. The company also declared a $1.10 quarterly dividend, representing a 1.0% yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $460.09. Institutional investors and hedge funds own approximately 86.81% of the company.

Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) insider Vivek Jain sold 2,000 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $416.98, for a total transaction of $833,960.00. Following the transaction, the insider directly owned 45,733 shares in the company, valued at $19,069,746.34. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analog Devices Stock Performance

NASDAQ ADI traded up $1.95 during trading on Monday, reaching $419.10. The company's stock had a trading volume of 2,130,345 shares, compared to its average volume of 4,070,410. The business's fifty day moving average price is $375.29 and its 200-day moving average price is $380.32. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The firm has a market cap of $203.08 billion, a price-to-earnings ratio of 49.72, a P/E/G ratio of 1.29 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue was up 39.2% on a year-over-year basis. During the same quarter last 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 anticipate that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business 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. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is 52.19%.

Hedge Funds Weigh In On Analog Devices

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Analog Devices during the second quarter worth about $18,610,868,000. State Street Corp lifted its position in shares of Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock valued at $6,369,833,000 after acquiring an additional 88,538 shares during the period. Bank of America Corp DE lifted its position in shares of 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 acquiring an additional 501,604 shares during the period. Van ECK Associates Corp boosted its stake 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 acquiring an additional 1,670,957 shares in the last quarter. Finally, Amundi grew its holdings 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 worth $1,604,771,000 after acquiring an additional 254,632 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ADI. Robert W. Baird increased their price target on Analog Devices from $450.00 to $675.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Piper Sandler set a $460.00 price objective on shares of Analog Devices in a research report on Tuesday, September 8th. Seaport Research Partners upgraded shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 target price for the company in a research note on Thursday, August 20th. KeyCorp lifted their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $460.09.

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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