Analog Devices, Inc. $ADI Stock Sold by Park National Corp OH

Park National Corp OH trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,364 shares of the semiconductor company’s stock after selling 1,519 shares during the period. Analog Devices comprises 1.7% of Park National Corp OH’s investment portfolio, making the stock its 12th largest position. Park National Corp OH’s holdings in Analog Devices were worth $64,808,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ADI. Contravisory Investment Management Inc. purchased a new stake in Analog Devices during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in shares of Analog Devices during the 2nd quarter valued at about $32,000. Cornerstone Financial Management LLC lifted its position in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 28 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Analog Devices in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 0.1%

ADI traded down $0.33 during trading on Monday, hitting $416.82. The company had a trading volume of 710,484 shares, compared to its average volume of 4,062,729. The company has a market cap of $201.98 billion, a PE ratio of 49.44, a P/E/G ratio of 1.29 and a beta of 1.22. The business has a 50-day moving average of $375.29 and a 200-day moving average of $380.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company’s revenue was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $1.10 dividend. 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 (DPR) is presently 52.19%.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $362.85, for a total transaction of $513,795.60. Following the completion of the sale, the director owned 111,679 shares in the company, valued at $40,522,725.15. The trade was a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $382.19, for a total transaction of $573,285.00. Following the completion of the transaction, the chief financial officer owned 51,177 shares in the company, valued at approximately $19,559,337.63. The trade was a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,931 shares of company stock valued at $11,663,332 over the last 90 days. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

ADI has been the subject of several recent research reports. Robert W. Baird increased their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Morgan Stanley upped their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. BMO Capital Markets assumed coverage on shares of Analog Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $430.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, Piper Sandler set a $460.00 target price on Analog Devices in a research note on Tuesday, September 8th. One 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 stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $460.09.

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.