SVB Wealth LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,055 shares of the semiconductor company’s stock after selling 2,008 shares during the quarter. SVB Wealth LLC’s holdings in Analog Devices were worth $9,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in ADI. Banque Transatlantique SA purchased a new position in shares of Analog Devices in the fourth quarter valued at $25,000. Contravisory Investment Management Inc. purchased a new stake in Analog Devices during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new stake in Analog Devices during the 2nd quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in Analog Devices in the 4th quarter worth about $26,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in Analog Devices in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Insider Activity at Analog Devices
In related news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total value of $533,846.16. Following the completion of the transaction, the director directly owned 117,343 shares in the company, valued at approximately $44,239,484.43. This represents a 1.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,515 shares of company stock worth $14,340,227 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.
Analog Devices Stock Performance
Analog Devices (NASDAQ:ADI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price target on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. BMO Capital Markets initiated coverage on shares of Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research report on Monday, June 29th. Oppenheimer boosted their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Buy” and a consensus price target of $457.97.
Read Our Latest Analysis on ADI
Analog Devices Profile
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.
The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.
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