Park National Corp OH Reduces Position in Analog Devices, Inc. $ADI

Park National Corp OH trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,367 shares of the semiconductor company’s stock after selling 14,568 shares during the quarter. Analog Devices comprises approximately 1.7% of Park National Corp OH’s holdings, making the stock its 10th largest position. Park National Corp OH’s holdings in Analog Devices were worth $55,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Silverberg Bernstein Capital Management LLC boosted its holdings in Analog Devices by 1.6% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 35,509 shares of the semiconductor company’s stock valued at $11,297,000 after acquiring an additional 567 shares during the period. Orser Capital Management LLC increased its stake in shares of Analog Devices by 8.9% in the first quarter. Orser Capital Management LLC now owns 4,352 shares of the semiconductor company’s stock worth $1,385,000 after purchasing an additional 355 shares during the period. ARS Investment Partners LLC increased its stake in shares of Analog Devices by 2.1% in the first quarter. ARS Investment Partners LLC now owns 26,254 shares of the semiconductor company’s stock worth $8,352,000 after purchasing an additional 549 shares during the period. Diversified Trust Co lifted its position in shares of Analog Devices by 36.8% during the 1st quarter. Diversified Trust Co now owns 7,527 shares of the semiconductor company’s stock worth $2,395,000 after purchasing an additional 2,025 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Analog Devices by 32.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 423,037 shares of the semiconductor company’s stock worth $114,728,000 after purchasing an additional 103,390 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $434.46 on Friday. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $439.70. The firm has a market capitalization of $211.62 billion, a PE ratio of 64.56, a PEG ratio of 1.22 and a beta of 1.18. The business’s 50 day moving average is $401.55 and its 200-day moving average is $340.66. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.Analog Devices’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 12.41 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s payout ratio is 65.38%.

Analyst Ratings Changes

A number of research firms have issued reports on ADI. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $430.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Barclays upped their price target on Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Argus set a $460.00 price objective on shares of Analog Devices in a research note on Tuesday, May 26th. Stifel Nicolaus raised their price objective on shares of Analog Devices from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, TD Cowen upped their target price on shares of Analog Devices from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $432.71.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. The trade was a 17.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76. Following the completion of the sale, the director directly owned 118,759 shares in the company, valued at approximately $47,279,145.49. The trade was a 1.18% 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. Over the last quarter, insiders sold 101,442 shares of company stock worth $40,422,954. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.