Insider Selling: Analog Devices (NASDAQ:ADI) CEO Sells 10,000 Shares

Analog Devices, Inc. (NASDAQ:ADI) CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the transaction, the chief executive officer owned 137,538 shares in the company, valued at approximately $53,605,435.50. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vincent Roche also recently made the following trade(s):

• On Tuesday, May 26th, Vincent Roche sold 30,000 shares of Analog Devices stock. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00.
• On Friday, May 22nd, Vincent Roche sold 30,000 shares of Analog Devices stock. The stock was sold at an average price of $396.82, for a total value of $11,904,600.00.
• On Friday, May 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded up $11.67 during trading hours on Monday, hitting $388.83. The stock had a trading volume of 4,364,451 shares, compared to its average volume of 4,331,315. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91. The firm has a market capitalization of $189.39 billion, a price-to-earnings ratio of 57.78, a PEG ratio of 1.06 and a beta of 1.18. The stock’s fifty day simple moving average is $409.39 and its 200 day simple moving average is $349.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the business earned $1.85 earnings per share. The business’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s payout ratio is currently 65.38%.

Institutional Trading of Analog Devices

Several institutional investors and hedge funds have recently made changes to their positions in ADI. Riverbend Wealth Management LLC increased its position in shares of Analog Devices by 2.2% in the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock valued at $396,000 after acquiring an additional 27 shares during the period. Bridgewater Advisors Inc. increased its stake in shares of Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 27 shares in the last quarter. Silicon Valley Capital Partners grew its stake in shares of Analog Devices by 4.2% in the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 27 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Analog Devices by 12.0% in the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after buying an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its position in Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADI shares. Truist Financial boosted their target price on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Raymond James Financial reissued an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. KeyCorp raised their price objective on Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $430.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Oppenheimer increased their price target on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $439.79.

About Analog Devices

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.