Guinness Atkinson Asset Management Inc Trims Stock Position in Analog Devices, Inc. $ADI

Guinness Atkinson Asset Management Inc cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 14.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,026 shares of the semiconductor company’s stock after selling 171 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Analog Devices were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. China Universal Asset Management Co. Ltd. boosted its stake in Analog Devices by 284.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock worth $6,262,000 after buying an additional 22,973 shares during the period. Keybank National Association OH lifted its holdings in shares of Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock worth $5,461,000 after acquiring an additional 12,505 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Analog Devices by 108.2% during the 2nd quarter. Nordea Investment Management AB now owns 92,413 shares of the semiconductor company’s stock worth $21,927,000 after purchasing an additional 48,021 shares during the period. Equitable Trust Co. increased its holdings in Analog Devices by 9.3% in the 2nd quarter. Equitable Trust Co. now owns 90,845 shares of the semiconductor company’s stock valued at $21,623,000 after purchasing an additional 7,701 shares during the last quarter. Finally, Eastern Bank raised its position in Analog Devices by 6.0% in the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock valued at $39,664,000 after purchasing an additional 11,101 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADI shares. Wells Fargo & Company raised their price target on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 21st. KeyCorp increased their target price on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Analog Devices in a report on Friday. Finally, Barclays increased their target price on shares of Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average price target of $275.29.

Insider Buying and Selling at Analog Devices

In other news, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares of the company’s stock, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,115 shares of company stock worth $12,232,985. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Stock Down 2.2%

Shares of Analog Devices stock opened at $238.01 on Monday. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The company has a market capitalization of $117.09 billion, a P/E ratio of 60.72, a P/E/G ratio of 2.01 and a beta of 1.09. The company has a 50 day moving average of $244.35 and a 200 day moving average of $228.23.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The company had revenue of $2.88 billion for 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 prior year, the firm posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders 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 yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s payout ratio is 101.02%.

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.