Insider Selling: Analog Devices (NASDAQ:ADI) Insider Sells 2,000 Shares of Company Stock

Analog Devices, Inc. (NASDAQ:ADI) insider Vivek Jain sold 2,000 shares of the stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $409.79, for a total transaction of $819,580.00. Following the sale, the insider directly owned 43,733 shares in the company, valued at approximately $17,921,346.07. This represents a 4.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Price Performance

Shares of Analog Devices stock traded up $0.26 during midday 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 current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $196.83 billion, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The stock has a fifty day simple moving average of $379.24 and a 200 day simple moving average of $383.23. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data 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. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADI. Wells Fargo & Company lowered their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. KeyCorp lifted their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price target on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, Evercore cut their price target on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $460.09.

Institutional Investors Weigh In On Analog Devices

Several large investors have recently bought and sold shares of the company. Riversedge Advisors LLC increased its stake in Analog Devices by 102.9% in the third quarter. Riversedge Advisors LLC now owns 1,339 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 679 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Analog Devices by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 14,194 shares of the semiconductor company’s stock valued at $5,762,000 after buying an additional 882 shares during the period. O Keefe Stevens Advisory Inc. grew its holdings in shares of Analog Devices by 4.6% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 704 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 31 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Analog Devices by 1.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 144,812 shares of the semiconductor company’s stock valued at $57,448,000 after buying an additional 2,500 shares in the last quarter. Finally, Diversified Management Inc. raised its stake in Analog Devices by 8.0% during the 3rd quarter. Diversified Management Inc. now owns 1,713 shares of the semiconductor company’s stock worth $680,000 after buying an additional 127 shares during the period. Institutional investors own 86.81% of the company’s stock.

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.