Analog Devices, Inc. $ADI Holdings Lowered by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 49.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,296 shares of the semiconductor company’s stock after selling 11,025 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Analog Devices were worth $2,689,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ADI. Brighton Jones LLC lifted its holdings in shares of Analog Devices by 39.5% during the fourth 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. Rossby Financial LCC purchased a new stake in shares of Analog Devices during the first quarter valued at $90,000. Private Trust Co. NA lifted its holdings in shares of Analog Devices by 1.8% during the first quarter. Private Trust Co. NA now owns 3,960 shares of the semiconductor company’s stock valued at $799,000 after purchasing an additional 70 shares during the last quarter. Novem Group lifted its stake in Analog Devices by 38.3% in the 1st quarter. Novem Group now owns 1,065 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 295 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Analog Devices by 11.5% in the 1st quarter. D.A. Davidson & CO. now owns 7,211 shares of the semiconductor company’s stock worth $1,454,000 after acquiring an additional 743 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ADI shares. Wells Fargo & Company upped their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, August 21st. Morgan Stanley upped their target price on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Seaport Res Ptn upgraded Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald upped their target price on Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $275.29.

Analog Devices Stock Up 0.5%

ADI opened at $234.13 on Friday. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The business has a 50-day moving average of $243.92 and a 200-day moving average of $230.13. 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 market capitalization of $115.18 billion, a PE ratio of 59.73, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

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

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. Analog Devices’s dividend payout ratio (DPR) is 101.02%.

Insider Activity at Analog Devices

In related news, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 49,115 shares of company stock worth $12,232,985. 0.33% of the stock is currently owned by corporate insiders.

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.