Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 30,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Vincent Roche also recently made the following trade(s):
- On Friday, May 22nd, Vincent Roche sold 30,000 shares of Analog Devices stock. The shares were 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 shares were sold at an average price of $397.91, for a total value of $3,979,100.00.
- On Wednesday, April 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $318.14, for a total value of $3,181,400.00.
Analog Devices Trading Up 0.5%
Analog Devices stock opened at $419.01 on Friday. The stock has a 50-day moving average of $369.92 and a two-hundred day moving average of $321.48. 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, Inc. has a one year low of $210.80 and a one year high of $435.72. The stock has a market cap of $204.10 billion, a PE ratio of 62.26, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19.
Analog Devices Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is 65.38%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on ADI shares. Morgan Stanley reiterated an “overweight” rating and issued a $373.00 price target on shares of Analog Devices in a research note on Thursday, February 19th. Oppenheimer increased their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. KeyCorp increased their price objective on Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Jefferies Financial Group increased their price objective on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Needham & Company LLC increased their price objective on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $432.71.
Read Our Latest Research Report on Analog Devices
Institutional Trading of Analog Devices
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its holdings in Analog Devices by 3.6% during the first quarter. Glenmede Trust Co. NA now owns 21,712 shares of the semiconductor company’s stock worth $6,907,000 after acquiring an additional 747 shares during the period. Axiom Investment Management LLC acquired a new stake in Analog Devices during the first quarter worth about $303,000. Groupe la Francaise grew its holdings in Analog Devices by 175.0% during the first quarter. Groupe la Francaise now owns 102,054 shares of the semiconductor company’s stock worth $32,463,000 after acquiring an additional 64,947 shares during the period. Liontrust Investment Partners LLP acquired a new stake in Analog Devices during the first quarter worth about $5,172,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Analog Devices during the first quarter worth about $10,926,000. 86.81% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Analog Devices
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Evercore ISI raised its price target on Analog Devices to $474 from $387 and kept an Outperform rating after the company’s strong quarterly beat and raise. Article: Analog Devices (ADI) Gets A Massive Target Hike After A Strong “Beat-And-Raise” Quarter
- Positive Sentiment: ADI’s industrial segment surged 56% year over year in fiscal Q2, driven by AI infrastructure, automation and defense demand, signaling broad-based business momentum. Article: Analog Devices’ Industrial Segment Picks Up Pace: What’s Ahead?
- Positive Sentiment: Analyst commentary has turned more constructive, with reports citing solid earnings estimate revisions and expectations for additional upside. Article: Why Analog Devices (ADI) Might be Well Poised for a Surge
- Neutral Sentiment: CEO Vincent Roche disclosed recent share sales, including two 30,000-share transactions, which may create some caution but do not necessarily change the company’s operating outlook.
- Neutral Sentiment: Broader market strength in technology and semiconductors is also providing a supportive backdrop for ADI shares. Article: S&P 500 and Nasdaq 100 Climb to Record Highs on Tech Stock Strength
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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