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Richard C. Puccio Jr., the Executive Vice President and Chief Financial Officer of Analog Devices Inc. (NASDAQ:ADI), a $102 billion market cap semiconductor company currently trading near Fair Value, sold 4,000 shares of the company’s common stock on March 19, 2025. The shares were sold at a price of $209.19 each, amounting to a total transaction value of approximately $836,760. Following this transaction, Puccio holds 49,915.789 shares directly. The sale was conducted under a prearranged 10b5-1 trading plan, which was adopted on September 17, 2024. With 19 analysts recently revising earnings upward and a consensus price target reaching $300, InvestingPro subscribers can access comprehensive insider trading analysis and 13 additional key insights about ADI’s financial health and market position.
In other recent news, Analog Devices announced its earnings per share (EPS) for the January quarter at $1.63, surpassing the consensus estimate of $1.54. Despite a 4% decline in sales, the company saw a 19% increase in its consumer segment, which helped offset decreases in other areas. CFRA analyst Angelo Zino raised the price target for Analog Devices to $265, maintaining a Buy rating, citing a positive trend in bookings, especially in China’s electric and autonomous vehicle markets. UBS also increased the price target to $300, maintaining a Buy rating, and noted improved industrial sector indicators and strong order strength. Benchmark analysts raised their price target to $275, highlighting the company’s robust demand improvements and potential for margin growth.
Additionally, Truist Securities adjusted its price target to $248 while maintaining a Hold rating, acknowledging the company’s strong quarterly performance but expressing concerns about valuation. In corporate governance developments, shareholders approved a series of proposals, including re-electing board members and amending voting requirements. These changes reflect shareholder satisfaction and a focus on streamlined decision-making. Overall, the recent developments emphasize Analog Devices’ strategic positioning and financial health, with multiple analysts expressing confidence in the company’s growth prospects.
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