Professional Advisory Services Inc. increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 19.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,864 shares of the semiconductor company’s stock after purchasing an additional 10,581 shares during the period. Analog Devices accounts for 3.1% of Professional Advisory Services Inc.’s holdings, making the stock its 16th biggest holding. Professional Advisory Services Inc.’s holdings in Analog Devices were worth $26,129,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Analog Devices by 21.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 21,566 shares of the semiconductor company’s stock worth $8,556,000 after buying an additional 3,765 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Analog Devices by 13.3% in the third quarter. CoreCap Advisors LLC now owns 22,996 shares of the semiconductor company’s stock valued at $9,123,000 after acquiring an additional 2,704 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in Analog Devices in the third quarter valued at approximately $213,000. Apella Capital LLC increased its position in shares of Analog Devices by 14.6% during the third quarter. Apella Capital LLC now owns 3,328 shares of the semiconductor company’s stock worth $1,365,000 after purchasing an additional 425 shares in the last quarter. Finally, Everhart Financial Group Inc. lifted its holdings in shares of Analog Devices by 5.0% during the 3rd quarter. Everhart Financial Group Inc. now owns 6,092 shares of the semiconductor company’s stock valued at $2,417,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Analog Devices Stock Performance
ADI traded down $4.15 during trading on Thursday, reaching $405.93. 3,703,405 shares of the company’s stock were exchanged, compared to its average volume of 4,050,445. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The stock has a market capitalization of $196.70 billion, a P/E ratio of 48.15, a price-to-earnings-growth ratio of 1.30 and a beta of 1.22. The company’s fifty day simple moving average is $379.24 and its 200-day simple moving average is $383.23.
Analog Devices Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.
Insider Buying and Selling
In other Analog Devices news, insider Vivek Jain sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $416.98, for a total value of $833,960.00. Following the completion of the transaction, the insider directly owned 45,733 shares of the company’s stock, valued at approximately $19,069,746.34. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,631 shares of company stock valued at $17,657,267 in the last ninety days. Insiders own 0.36% of the company’s stock.
More Analog Devices News
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Analysts remain constructive. Bank of America identified ADI among the strongest analog semiconductor performers. The stock maintains a “Moderate Buy” consensus rating, with an average price target of approximately $460, above recent trading levels. Analog Devices, STMicro and TI seen as strongest analog performers: BofA
- Positive Sentiment: New customer and industry applications support growth prospects. Lekha Wireless is integrating ADI radio technology into 5G and 4G products. Separately, ADI is collaborating with Moët Hennessy and UC Davis on AI-enabled chemical-signature detection for wine production. These projects are strategically positive, although they are unlikely to materially affect near-term earnings. Lekha Wireless to integrate Analog Devices radio technology
- Neutral Sentiment: Fundamentals remain strong, but expectations are high. ADI’s latest quarter exceeded earnings and revenue estimates, while revenue increased 39.2% year over year. However, a valuation near 49 times earnings leaves the shares vulnerable to profit-taking if growth slows or guidance disappoints.
- Negative Sentiment: Recent insider selling is weighing on sentiment. CFO Richard Puccio sold 1,500 shares for about $632,000, and Director Ray Stata sold 1,416 shares for approximately $595,000. The transactions were made under pre-arranged Rule 10b5-1 plans and the executives retain substantial holdings, reducing their significance as a fundamental warning. Nevertheless, multiple recent insider sales can pressure the stock in the short term. Analog Devices SEC insider transaction filing
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Needham & Company LLC boosted their target price on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research note on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $460.09.
Check Out Our Latest Stock Report on Analog Devices
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.
The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.
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