Allspring Global Investments Holdings LLC Sells 24,585 Shares of Analog Devices, Inc. $ADI

Allspring Global Investments Holdings LLC lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 14.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 146,064 shares of the semiconductor company’s stock after selling 24,585 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Analog Devices were worth $35,149,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GW Henssler & Associates Ltd. boosted its stake in shares of Analog Devices by 5.3% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 59,105 shares of the semiconductor company’s stock valued at $14,068,000 after purchasing an additional 2,985 shares in the last quarter. CWM LLC boosted its stake in shares of Analog Devices by 30.7% during the 2nd quarter. CWM LLC now owns 30,412 shares of the semiconductor company’s stock valued at $7,239,000 after purchasing an additional 7,137 shares in the last quarter. OFI Invest Asset Management boosted its stake in shares of Analog Devices by 50.7% during the 2nd quarter. OFI Invest Asset Management now owns 21,126 shares of the semiconductor company’s stock valued at $5,028,000 after purchasing an additional 7,104 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Analog Devices by 12.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 68,080 shares of the semiconductor company’s stock valued at $16,227,000 after purchasing an additional 7,401 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake in shares of Analog Devices by 12.7% during the 2nd quarter. Sovereign Financial Group Inc. now owns 1,832 shares of the semiconductor company’s stock valued at $436,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADI shares. Evercore ISI lifted their target price on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Benchmark lifted their price target on shares of Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Cantor Fitzgerald lifted their price target on shares of Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.29.

Insiders Place Their Bets

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the transaction, the senior vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the transaction, the director directly owned 5,118 shares of the company’s stock, valued at $1,242,343.32. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,115 shares of company stock valued at $12,232,985. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Up 1.2%

Shares of Analog Devices stock opened at $238.15 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The stock has a market capitalization of $117.16 billion, a PE ratio of 60.75, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The company has a 50-day simple moving average of $242.55 and a two-hundred day simple moving average of $224.72.

Analog Devices (NASDAQ:ADI) last issued 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 business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.7%. Analog Devices’s payout ratio is 101.02%.

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.