Analog devices CFO Puccio sells $584,190 in company stock

Richard C. Puccio Jr., Chief Financial Officer of Analog Devices Inc. (NASDAQ:ADI), sold shares totaling $584,190 on October 20, 2026, according to a recent SEC filing.

Mr. Puccio disposed of 1,500 shares of Analog Devices common stock at a price of $389.46 per share. The transaction was executed pursuant to a 10b5-1 trading plan, which Mr. Puccio adopted on May 21, 2026. Following the sale, Mr. Puccio directly holds 48,177.376 shares of Analog Devices common stock.The sale comes as ADI shares have surged 67% over the past year, currently trading at $405.96 with a market capitalization of $196.75 billion. According to InvestingPro analysis, the stock appears overvalued at current levels. The semiconductor company has raised its dividend for 23 consecutive years, InvestingPro notes, with 15 additional exclusive tips available for subscribers. For deeper insights, investors can access ADI’s comprehensive Pro Research Report, one of 1,400+ available for US equities.

In other recent news, Analog Devices reported revenue of $4.02 billion for its fiscal third quarter, marking an 11% increase from the previous quarter and surpassing Stifel’s estimate of $3.90 billion. This achievement represents the first time the company has reached a $4 billion quarter, driven by strong demand in data centers, communications, industrial, and automotive segments. In light of these results, Stifel reiterated its Buy rating and set a price target of $498. Similarly, Needham raised its price target to $450 from $440, maintaining a Buy rating due to the company’s better-than-expected quarterly performance and promising fourth-quarter fiscal 2026 guidance.

Additionally, Seaport Global Securities upgraded Analog Devices to a Buy rating, citing the company’s expanded AI data center opportunities that have significantly increased from previous estimates. The firm set a price target of $425. Meanwhile, BMO Capital initiated coverage with an outperform rating and a price target of $430, recognizing the company’s strong position in the analog semiconductor market. TD Cowen also reiterated a Buy rating with a price target of $460, following discussions with the company’s executives about datacenter growth potential. These recent developments highlight the positive outlook from multiple analyst firms regarding Analog Devices’ performance and future prospects.