Gateway Investment Advisers LLC Reduces Holdings in Analog Devices, Inc. $ADI

Gateway Investment Advisers LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.6% in the 2nd quarter, Holdings Channel reports. The firm owned 125,481 shares of the semiconductor company’s stock after selling 6,068 shares during the period. Gateway Investment Advisers LLC’s holdings in Analog Devices were worth $29,867,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Analog Devices in the 4th quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the 4th quarter valued at $27,000. Activest Wealth Management grew its holdings in Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the 1st quarter valued at $27,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Analog Devices in the 1st quarter valued at $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Price Performance

ADI opened at $244.10 on Wednesday. The stock’s 50-day moving average price is $239.02 and its 200 day moving average price is $220.64. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The firm has a market cap of $120.08 billion, a price-to-earnings ratio of 62.27, a PEG ratio of 2.07 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the company earned $1.58 EPS. Analog Devices’s revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices’s dividend payout ratio is presently 101.02%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADI. Piper Sandler upped their target price on Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Truist Financial increased their price target on Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a report on Thursday, August 21st. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Morgan Stanley increased their price target on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, KeyCorp increased their price target on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.53.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director owned 167,571 shares of the company’s stock, valued at approximately $40,088,010.33. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the transaction, the chief executive officer directly owned 23,515 shares in the company, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,115 shares of company stock worth $9,529,113 in the last 90 days. Insiders own 0.33% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.