OLD Point Trust & Financial Services N A Sells 1,239 Shares of Analog Devices, Inc. $ADI

OLD Point Trust & Financial Services N A cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 60.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 796 shares of the semiconductor company’s stock after selling 1,239 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Analog Devices were worth $189,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Forum Financial Management LP raised its stake in shares of Analog Devices by 14.2% during the 2nd quarter. Forum Financial Management LP now owns 5,782 shares of the semiconductor company’s stock worth $1,376,000 after purchasing an additional 718 shares during the period. Ethic Inc. raised its stake in shares of Analog Devices by 2.3% during the 2nd quarter. Ethic Inc. now owns 34,779 shares of the semiconductor company’s stock worth $8,241,000 after purchasing an additional 782 shares during the period. Meadow Creek Wealth Advisors LLC raised its stake in shares of Analog Devices by 5.2% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 1,708 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 84 shares during the period. Caliber Wealth Management LLC KS raised its stake in shares of Analog Devices by 12.3% during the 2nd quarter. Caliber Wealth Management LLC KS now owns 14,225 shares of the semiconductor company’s stock worth $3,386,000 after purchasing an additional 1,557 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Analog Devices by 9.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,472 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 217 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Transactions at Analog Devices

In related news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president directly owned 63,048 shares of the company’s stock, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the sale, the director directly owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,115 shares of company stock valued at $12,232,985. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

Shares of ADI stock opened at $240.36 on Thursday. The company has a market capitalization of $118.25 billion, a P/E ratio of 61.32, a PEG ratio of 2.08 and a beta of 1.09. The stock has a 50 day moving average price of $244.08 and a two-hundred day moving average price of $226.59. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio is currently 101.02%.

Analysts Set New Price Targets

ADI has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded Analog Devices from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. UBS Group reduced their target price on Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a report on Monday, July 7th. Piper Sandler lifted their target price on Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Finally, The Goldman Sachs Group initiated coverage on Analog Devices in a report on Thursday, July 10th. They set a “buy” rating and a $285.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $275.29.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.