67,797 Analog Devices, Inc. $ADI Shares Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 37.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,094 shares of the semiconductor company’s stock after selling 67,797 shares during the quarter. Analog Devices comprises approximately 3.0% of Smith Group Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Smith Group Asset Management LLC’s holdings in Analog Devices were worth $45,262,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AMI Investment Management Inc. lifted its position in shares of Analog Devices by 3.8% during the third quarter. AMI Investment Management Inc. now owns 1,271 shares of the semiconductor company’s stock worth $504,000 after acquiring an additional 46 shares in the last quarter. Victory Financial Group LLC grew its position in shares of Analog Devices by 54.3% in the third quarter. Victory Financial Group LLC now owns 1,256 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 442 shares in the last quarter. Great Lakes Retirement Inc. raised its stake in shares of Analog Devices by 0.9% during the 3rd quarter. Great Lakes Retirement Inc. now owns 11,307 shares of the semiconductor company’s stock valued at $4,485,000 after purchasing an additional 102 shares during the period. Generali Asset Management SPA SGR lifted its holdings in Analog Devices by 8.6% during the 3rd quarter. Generali Asset Management SPA SGR now owns 24,222 shares of the semiconductor company’s stock worth $9,609,000 after purchasing an additional 1,910 shares in the last quarter. Finally, Jacobsen Capital Management boosted its stake in Analog Devices by 3.9% in the 3rd quarter. Jacobsen Capital Management now owns 807 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

ADI has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. upped their target price 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, TD Cowen increased their target price on shares of Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Insider Buying and Selling at Analog Devices

In other news, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider directly owned 40,428 shares in the company, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This trade represents a 7.97% decrease in their position. 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 52,436 shares of company stock worth $20,014,954 over the last ninety days. Insiders own 0.36% of the company’s stock.

Analog Devices Trading Up 0.7%

NASDAQ ADI opened at $428.27 on Thursday. The stock’s 50-day simple moving average is $386.40 and its two-hundred day simple moving average is $369.85. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $207.52 billion, a price-to-earnings ratio of 50.80, a PEG ratio of 1.20 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.0%. Analog Devices’s dividend payout ratio is currently 52.19%.

About Analog Devices

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.