MBL Wealth LLC Purchases 2,081 Shares of Analog Devices, Inc. $ADI

MBL Wealth LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 305.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,762 shares of the semiconductor company’s stock after purchasing an additional 2,081 shares during the quarter. MBL Wealth LLC’s holdings in Analog Devices were worth $1,096,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brookstone Capital Management raised its holdings in Analog Devices by 3.1% in the 3rd quarter. Brookstone Capital Management now owns 33,713 shares of the semiconductor company’s stock valued at $13,374,000 after buying an additional 1,004 shares during the last quarter. NBT Bank N.A. bought a new stake in Analog Devices during the 3rd quarter worth approximately $3,687,000. Root Financial Partners LLC grew its holdings in Analog Devices by 16.0% during the 3rd quarter. Root Financial Partners LLC now owns 1,102 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 152 shares during the last quarter. Trust Co of the South increased its position in Analog Devices by 0.9% in the 3rd quarter. Trust Co of the South now owns 3,614 shares of the semiconductor company’s stock valued at $1,434,000 after acquiring an additional 31 shares during the period. Finally, Marion Wealth Management increased its position in Analog Devices by 1.9% in the 3rd quarter. Marion Wealth Management now owns 18,287 shares of the semiconductor company’s stock valued at $7,255,000 after acquiring an additional 343 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Performance

Shares of ADI opened at $391.07 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $189.50 billion, a P/E ratio of 46.39, a price-to-earnings-growth ratio of 1.19 and a beta of 1.22. The firm’s fifty day simple moving average is $383.75 and its two-hundred day simple moving average is $389.29. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

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 for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the business posted $2.05 EPS. The business’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the transaction, the chief financial officer directly owned 48,177 shares of the company’s stock, valued at approximately $18,763,014.42. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred on Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the transaction, the director owned 108,847 shares in the company, valued at $45,720,093.88. The trade was a 1.28% decrease in their ownership of the stock. 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 52,436 shares of company stock valued at $20,014,954 over the last ninety days. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Wall Street Zen lowered Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a report on Thursday, August 20th. Morgan Stanley lifted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $460.55.

Read Our Latest Stock Report on Analog Devices

Analog Devices Company Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

Further Reading

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

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