Equitable Trust Co. Purchases 7,701 Shares of Analog Devices, Inc. $ADI

Equitable Trust Co. increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 9.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 90,845 shares of the semiconductor company’s stock after buying an additional 7,701 shares during the period. Analog Devices accounts for about 1.1% of Equitable Trust Co.’s investment portfolio, making the stock its 22nd largest holding. Equitable Trust Co.’s holdings in Analog Devices were worth $21,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. boosted its stake in Analog Devices by 284.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock valued at $6,262,000 after purchasing an additional 22,973 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Analog Devices during the first quarter worth approximately $296,000. Keybank National Association OH lifted its holdings in shares of Analog Devices by 85.8% during the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock worth $5,461,000 after buying an additional 12,505 shares during the last quarter. Eastern Bank lifted its holdings in shares of Analog Devices by 6.0% during the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock worth $39,664,000 after buying an additional 11,101 shares during the last quarter. Finally, McLean Asset Management Corp acquired a new position in shares of Analog Devices during the second quarter worth approximately $262,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADI. Noble Financial raised shares of Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Benchmark raised their price target on shares of Analog Devices from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Truist Financial raised their price target on shares of Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, August 21st. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. Finally, Stifel Nicolaus lifted their target price on Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.29.

Analog Devices Trading Up 4.1%

ADI stock opened at $234.67 on Tuesday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The firm has a market cap of $115.45 billion, a P/E ratio of 59.86, a P/E/G ratio of 1.90 and a beta of 1.09. The business’s 50 day moving average is $241.91 and its 200-day moving average is $224.55. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.

Insider Activity at Analog Devices

In related news, Director Edward H. Frank sold 1,000 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the sale, the director owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the sale, the director owned 155,071 shares of the company’s stock, valued at $38,290,131.32. This trade represents a 1.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,240 shares of company stock valued at $12,980,578. Insiders own 0.33% of the company’s stock.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.