Analog Devices, Inc. $ADI Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 95.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,596 shares of the semiconductor company’s stock after selling 36,069 shares during the quarter. SteelPeak Wealth LLC’s holdings in Analog Devices were worth $633,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Analog Devices in the second quarter valued at $18,610,868,000. Bank of America Corp DE bought a new position in shares of Analog Devices during the 2nd quarter worth about $3,573,081,000. Van ECK Associates Corp boosted its position 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 purchasing an additional 1,670,957 shares in the last quarter. Amundi boosted its position in shares of Analog Devices by 5.3% during the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after purchasing an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Analog Devices in the 2nd quarter valued at about $1,525,167,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADI. Stifel Nicolaus boosted their target price on Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Robert W. Baird upped their price target on Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Piper Sandler set a $460.00 price target on Analog Devices in a report on Tuesday, September 8th. TD Cowen reiterated a “buy” rating and issued a $460.00 price target (up from $450.00) on shares of Analog Devices in a report on Tuesday, September 8th. Finally, Wells Fargo & Company reduced their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. One research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $460.09.

Analog Devices Stock Performance

ADI opened at $394.35 on Tuesday. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The company has a market cap of $191.09 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 1.22 and a beta of 1.22. The company’s fifty day moving average price is $382.96 and its two-hundred day moving average price is $387.64. 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 data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating 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 net margin of 29.79% and a return on equity of 16.39%. The business’s revenue was up 39.2% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts expect that Analog Devices, Inc. will post 12.99 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given 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 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Insider Activity at Analog Devices

In other Analog Devices news, insider Vivek Jain sold 3,305 shares of the business’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 sale, the insider directly owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value 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 approximately $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. In the last quarter, insiders have sold 50,936 shares of company stock valued at $19,430,764. 0.36% of the stock is owned by corporate insiders.

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.