Analog Devices (NASDAQ:ADI) CEO Vincent Roche Sells 10,000 Shares of Stock
by Sarita Garza · The Markets DailyAnalog Devices, Inc. (NASDAQ:ADI – Get Free Report) CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at $45,830,692.40. The trade was a 7.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vincent Roche also recently made the following trade(s):
- On Tuesday, September 1st, Vincent Roche sold 10,000 shares of Analog Devices stock. The stock was sold at an average price of $356.33, for a total transaction of $3,563,300.00.
- On Monday, August 3rd, Vincent Roche sold 10,000 shares of Analog Devices stock. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00.
Analog Devices Trading Up 0.5%
Analog Devices stock traded up $1.95 during mid-day trading on Monday, hitting $419.10. 2,130,345 shares of the company’s stock were exchanged, compared to its average volume of 4,070,410. The company’s 50 day simple moving average is $375.29 and its 200-day simple moving average is $380.32. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $203.08 billion, a P/E ratio of 49.72, a PEG ratio of 1.29 and a beta of 1.22. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. The company’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued 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 is 52.19%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ADI. Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. KeyCorp lifted their target price on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Wells Fargo & Company reduced their price target on 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 reiterated a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Finally, Robert W. Baird increased their target price on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $460.09.
Get Our Latest Stock Analysis on Analog Devices
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ADI. BlackRock Inc. acquired a new position in Analog Devices during the second quarter worth $18,610,868,000. State Street Corp grew its position in shares of Analog Devices by 0.4% in 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 grew its position in shares of Analog Devices by 5.2% in 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 increased 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 purchasing an additional 1,670,957 shares during the last quarter. Finally, Amundi increased its stake in shares of Analog Devices by 5.3% during the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after purchasing an additional 254,632 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Company Profile
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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