Keel Point LLC Sells 1,384 Shares of Analog Devices, Inc. $ADI

Keel Point LLC lowered its stake in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 47.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,547 shares of the semiconductor company’s stock after selling 1,384 shares during the quarter. Keel Point LLC’s holdings in Analog Devices were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Riverbend Wealth Management LLC boosted its position in shares of Analog Devices by 2.2% in the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 27 shares during the period. Bridgewater Advisors Inc. raised its position in shares of Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 27 shares during the period. Silicon Valley Capital Partners lifted its stake in shares of Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 27 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after buying an additional 30 shares during the period. Finally, 1620 Investment Advisors Inc. increased its stake in Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after buying an additional 32 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares of the company’s stock, valued at $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. This trade represents a 23.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 93,858 shares of company stock worth $38,083,630. 0.36% of the stock is owned by company insiders.

Analog Devices Stock Down 1.5%

Shares of NASDAQ ADI opened at $361.88 on Tuesday. The firm’s 50-day moving average price is $397.48 and its 200-day moving average price is $364.13. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $176.27 billion, a price-to-earnings ratio of 53.77, a P/E/G ratio of 0.95 and a beta of 1.20. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $445.91.

Analog Devices (NASDAQ:ADIGet Free Report) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the business posted $1.85 earnings per share. The firm’s revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $1.10 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s payout ratio is 65.38%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ADI shares. Wolfe Research restated an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Analog Devices in a research note on Wednesday, May 20th. Barclays lifted their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Robert W. Baird upped their target price on shares of Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Needham & Company LLC lifted their price target on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $441.00.

Read Our Latest Stock Analysis on ADI

Analog Devices Company Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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