3,928 Analog Devices, Inc. $ADI Shares Sold by SVB Wealth LLC

SVB Wealth LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,127 shares of the semiconductor company’s stock after selling 3,928 shares during the period. SVB Wealth LLC’s holdings in Analog Devices were worth $7,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADI. Ariadne Wealth Management LP grew its position in Analog Devices by 14.9% during the third quarter. Ariadne Wealth Management LP now owns 950 shares of the semiconductor company’s stock worth $377,000 after buying an additional 123 shares in the last quarter. Eurizon Capital SGR S.p.A. increased its stake in Analog Devices by 1.1% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 285,384 shares of the semiconductor company’s stock worth $113,248,000 after acquiring an additional 2,995 shares during the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators increased its stake in Analog Devices by 6.9% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 80,274 shares of the semiconductor company’s stock worth $31,845,000 after acquiring an additional 5,197 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its holdings in shares of Analog Devices by 82.2% in the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 490 shares of the semiconductor company’s stock valued at $194,000 after acquiring an additional 221 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Analog Devices by 1.4% in the 3rd quarter. CENTRAL TRUST Co now owns 3,522 shares of the semiconductor company’s stock valued at $1,397,000 after acquiring an additional 50 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Arete Research lifted their price target on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley boosted their price objective on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Wall Street Zen cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Robert W. Baird raised their target price on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Finally, Wells Fargo & Company dropped their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Price Performance

ADI stock opened at $409.29 on Friday. 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 52 week low of $224.25 and a 52 week high of $445.91. The firm’s fifty day moving average is $393.97 and its 200 day moving average is $375.40. The firm has a market cap of $198.33 billion, a P/E ratio of 48.55, a P/E/G ratio of 0.99 and a beta of 1.24.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company’s quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts predict that Analog Devices, Inc. will post 12.88 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $1.10 per share. 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 dividend payout ratio is 52.19%.

Insider Activity at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the transaction, the insider owned 40,428 shares in the company, valued at $16,437,216.24. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the transaction, the chief executive officer owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This trade represents a 7.97% 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 a total of 52,436 shares of company stock worth $20,681,906 in the last 90 days. Company insiders own 0.36% of the company’s stock.

About Analog Devices

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.