NBT Bank N A NY lifted its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,777 shares of the semiconductor company’s stock after acquiring an additional 63 shares during the period. NBT Bank N A NY’s holdings in Analog Devices were worth $2,327,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Sax Wealth Advisors LLC raised its position in shares of Analog Devices by 87.0% in the 2nd quarter. Sax Wealth Advisors LLC now owns 12,487 shares of the semiconductor company’s stock worth $2,972,000 after acquiring an additional 5,811 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Analog Devices by 91.2% in the 2nd quarter. Shell Asset Management Co. now owns 12,060 shares of the semiconductor company’s stock worth $2,871,000 after acquiring an additional 5,752 shares in the last quarter. Slow Capital Inc. raised its position in shares of Analog Devices by 2.2% in the 2nd quarter. Slow Capital Inc. now owns 38,283 shares of the semiconductor company’s stock worth $9,112,000 after acquiring an additional 835 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Analog Devices by 3.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 213,021 shares of the semiconductor company’s stock worth $50,703,000 after acquiring an additional 7,700 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of Analog Devices in the 2nd quarter worth $26,000. 86.81% of the stock is owned by institutional investors.
Insider Transactions at Analog Devices
In other news, Director Edward H. Frank sold 1,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the sale, the director owned 5,118 shares in the company, valued at $1,242,343.32. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at $34,148,157.78. The trade was a 6.66% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,240 shares of company stock valued at $12,980,578. 0.33% of the stock is owned by insiders.
Analog Devices Stock Up 1.8%
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.
Analog Devices Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. Analog Devices’s dividend payout ratio is presently 101.02%.
Analyst Upgrades and Downgrades
ADI has been the topic of several recent analyst reports. Seaport Res Ptn raised Analog Devices from a “strong sell” rating to a “hold” rating in a research report on Monday, July 21st. Wells Fargo & Company upped their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. Zacks Research raised Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Noble Financial raised Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $275.29.
Get Our Latest Stock Analysis on ADI
Analog Devices Company 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.
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