Eliot Finkel Investment Counsel LLC Sells 120 Shares of Analog Devices, Inc. $ADI

Eliot Finkel Investment Counsel LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,500 shares of the semiconductor company’s stock after selling 120 shares during the period. Analog Devices comprises approximately 2.2% of Eliot Finkel Investment Counsel LLC’s portfolio, making the stock its 22nd biggest position. Eliot Finkel Investment Counsel LLC’s holdings in Analog Devices were worth $3,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Penobscot Investment Management Company Inc. increased its holdings in Analog Devices by 4.6% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 11,404 shares of the semiconductor company’s stock worth $2,714,000 after purchasing an additional 497 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Analog Devices by 7.2% in the second quarter. Quent Capital LLC now owns 1,768 shares of the semiconductor company’s stock valued at $421,000 after acquiring an additional 119 shares in the last quarter. NTV Asset Management LLC grew its holdings in shares of Analog Devices by 6.3% in the second quarter. NTV Asset Management LLC now owns 2,193 shares of the semiconductor company’s stock valued at $522,000 after acquiring an additional 130 shares in the last quarter. Tilia Fiduciary Partners Inc. bought a new position in shares of Analog Devices in the second quarter valued at approximately $202,000. Finally, Synergy Asset Management LLC grew its holdings in shares of Analog Devices by 4.2% in the second quarter. Synergy Asset Management LLC now owns 26,253 shares of the semiconductor company’s stock valued at $6,249,000 after acquiring an additional 1,058 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Up 0.1%

NASDAQ:ADI opened at $241.99 on Friday. The company has a market cap of $119.05 billion, a P/E ratio of 61.73, a P/E/G ratio of 2.04 and a beta of 1.09. The stock’s fifty day moving average price is $240.89 and its two-hundred day moving average price is $223.30. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year 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.

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. The firm had revenue of $2.88 billion for 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 quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares in the company, valued at $15,525,570. This represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on 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. This trade represents a 6.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,240 shares of company stock worth $12,737,838. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADI. Evercore ISI upped their target price on Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Stifel Nicolaus upped their price objective on Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company upped their price objective on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. The Goldman Sachs Group assumed coverage on Analog Devices in a research note on Thursday, July 10th. They issued a “buy” rating and a $285.00 price objective on the stock. Finally, Noble Financial upgraded Analog Devices to an “outperform” rating in a research note on Wednesday, June 18th. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.