Cromwell Holdings LLC Reduces Stock Position in Analog Devices, Inc. $ADI

Cromwell Holdings LLC cut its stake in Analog Devices, Inc. (NASDAQ:ADI) by 20.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,227 shares of the semiconductor company’s stock after selling 314 shares during the quarter. Cromwell Holdings LLC’s holdings in Analog Devices were worth $292,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock worth $2,304,098,000 after purchasing an additional 2,407,460 shares in the last quarter. Nuveen LLC purchased a new position in Analog Devices in the first quarter valued at $351,943,000. Amundi increased its holdings in Analog Devices by 29.2% in the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after buying an additional 880,636 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Analog Devices by 229.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company’s stock worth $160,695,000 after purchasing an additional 555,065 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Analog Devices by 211.9% during the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock worth $150,295,000 after purchasing an additional 506,314 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Trading Up 1.0%

ADI stock opened at $241.67 on Friday. The company has a market cap of $118.89 billion, a price-to-earnings ratio of 61.65, a PEG ratio of 2.02 and a beta of 1.09. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $240.61 and a 200-day simple moving average of $222.98. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data 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 return on equity of 10.32% and a net margin of 18.85%.The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

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

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the company’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 completion of the sale, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. This represents a 1.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 12,500 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,240 shares of company stock valued at $12,737,838. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADI. Raymond James Financial raised Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, June 18th. Cantor Fitzgerald lifted their price objective on Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods upgraded Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. The Goldman Sachs Group began coverage on Analog Devices in a research report on Thursday, July 10th. They set a “buy” rating and a $285.00 price objective for the company. Finally, Citigroup restated a “buy” rating and set a $290.00 price objective (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.29.

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.