HighTower Advisors LLC trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 8.8% in the second quarter, HoldingsChannel.com reports. The fund owned 248,282 shares of the semiconductor company’s stock after selling 24,042 shares during the quarter. HighTower Advisors LLC’s holdings in Analog Devices were worth $98,610,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of ADI. Banque Transatlantique SA bought a new stake in shares of Analog Devices during the 4th quarter worth $25,000. Contravisory Investment Management Inc. bought a new position in Analog Devices in the second quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in Analog Devices during the fourth quarter worth about $26,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Analog Devices in the fourth quarter worth about $27,000. 86.81% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ADI shares. KeyCorp raised their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Barclays upped their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Jefferies Financial Group increased their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Morgan Stanley raised their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices has an average rating of “Buy” and an average price target of $454.63.
Analog Devices Stock Performance
NASDAQ:ADI opened at $362.25 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a 50 day simple moving average of $377.17 and a two-hundred day simple moving average of $374.17. The company has a market capitalization of $175.54 billion, a PE ratio of 42.97, a P/E/G ratio of 1.12 and a beta of 1.20.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.
Analog Devices Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s payout ratio is presently 52.19%.
Insider Activity
In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total value of $3,563,300.00. Following the completion of the transaction, the chief executive officer directly owned 134,660 shares of the company’s stock, valued at approximately $47,983,397.80. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,363 shares of company stock worth $15,477,939 in the last three months. Corporate insiders own 0.36% of the company’s stock.
Analog Devices Profile
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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