Allspring Global Investments Holdings LLC Sells 24,585 Shares of Analog Devices, Inc. $ADI

Allspring Global Investments Holdings LLC reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.4% in the second quarter, Holdings Channel reports. The institutional investor owned 146,064 shares of the semiconductor company’s stock after selling 24,585 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Analog Devices were worth $35,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RMG Wealth Management LLC purchased a new stake in Analog Devices during the second quarter valued at approximately $26,000. Activest Wealth Management increased its holdings in Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Analog Devices during the first quarter valued at approximately $27,000. N.E.W. Advisory Services LLC purchased a new stake in Analog Devices during the first quarter valued at approximately $33,000. Finally, North Capital Inc. purchased a new stake in Analog Devices during the first quarter valued at approximately $36,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Martin Cotter sold 12,500 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares of the company’s stock, valued at $15,525,570. This trade represents a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,115 shares of company stock valued at $12,232,985 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $238.15 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The firm has a fifty day moving average price of $242.55 and a 200 day moving average price of $224.72. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The firm has a market cap of $117.16 billion, a price-to-earnings ratio of 60.75, a P/E/G ratio of 1.98 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. Analog Devices’s revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ADI shares. KeyCorp upped their price target on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Benchmark upped 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. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Truist Financial upped 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. Finally, Stifel Nicolaus upped their price target on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.29.

Analog Devices Company Profile

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.