Tritonpoint Wealth LLC Reduces Holdings in Analog Devices, Inc. $ADI

Tritonpoint Wealth LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,350 shares of the semiconductor company’s stock after selling 446 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Analog Devices were worth $4,606,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 529 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Analog Devices in the 4th quarter worth $1,471,000. Two Sigma Investments LP acquired a new stake in shares of Analog Devices in the 4th quarter worth $906,000. Wellington Management Group LLP lifted its stake in shares of Analog Devices by 67.7% in the 4th quarter. Wellington Management Group LLP now owns 72,698 shares of the semiconductor company’s stock worth $15,445,000 after acquiring an additional 29,349 shares during the period. Finally, Quent Capital LLC lifted its stake in shares of Analog Devices by 6.0% in the 1st quarter. Quent Capital LLC now owns 1,649 shares of the semiconductor company’s stock worth $333,000 after acquiring an additional 94 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the transaction, the chief executive officer directly owned 23,515 shares of the company’s stock, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the transaction, the director directly owned 155,071 shares in the company, valued at approximately $38,290,131.32. The trade was a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,240 shares of company stock valued at $10,300,738 in the last ninety days. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $247.56 on Friday. The company has a market cap of $121.79 billion, a PE ratio of 63.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The company has a 50-day simple moving average of $239.79 and a 200-day simple moving average of $222.12.

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

Analog Devices Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on ADI shares. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. Benchmark raised their price objective on shares of Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. The Goldman Sachs Group assumed coverage on shares of Analog Devices in a research note on Thursday, July 10th. They issued a “buy” rating and a $285.00 price objective for the company. Cantor Fitzgerald upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Finally, Seaport Res Ptn upgraded shares of Analog Devices from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $273.53.

About Analog Devices

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.