1,247 Analog Devices, Inc. $ADI Shares Sold by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,291 shares of the semiconductor company’s stock after selling 1,247 shares during the quarter. Analog Devices makes up 1.6% of Parr Mcknight Wealth Management Group LLC’s investment portfolio, making the stock its 10th largest holding. Parr Mcknight Wealth Management Group LLC’s holdings in Analog Devices were worth $13,604,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Analog Devices in the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE boosted its holdings in shares of Analog Devices by 5.2% during the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after buying an additional 501,604 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after buying an additional 1,670,957 shares during the period. Amundi grew its stake in Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock valued at $1,604,771,000 after buying an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Analog Devices in the 2nd quarter valued at $1,525,167,000. Institutional investors own 86.81% of the company’s stock.

Insider Activity

In related news, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares in the company, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 51,020 shares of company stock valued at $20,105,198. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

ADI has been the topic of several recent analyst reports. Arete Research lifted their target price on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. KeyCorp upped their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. BMO Capital Markets began coverage on Analog Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock. Finally, Evercore dropped their price objective on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Trading Up 1.7%

Shares of ADI stock opened at $419.79 on Wednesday. The firm has a market capitalization of $203.42 billion, a P/E ratio of 49.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The firm’s fifty day simple moving average is $390.31 and its 200 day simple moving average is $372.32. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20.

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

Analog Devices Announces Dividend

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

Analog Devices Company Profile

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.