Analog Devices, Inc. $ADI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,790 shares of the semiconductor company’s stock after selling 3,075 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Analog Devices were worth $36,367,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ADI. KBC Group NV grew its holdings in shares of Analog Devices by 0.9% during the second quarter. KBC Group NV now owns 197,552 shares of the semiconductor company’s stock valued at $47,021,000 after buying an additional 1,834 shares during the last quarter. National Pension Service grew its holdings in Analog Devices by 20.0% during the second quarter. National Pension Service now owns 1,323,143 shares of the semiconductor company’s stock worth $314,934,000 after acquiring an additional 220,379 shares during the period. VeraBank N.A. purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $228,000. STF Management LP increased its holdings in Analog Devices by 2.5% in the second quarter. STF Management LP now owns 7,643 shares of the semiconductor company’s stock valued at $1,819,000 after buying an additional 184 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in Analog Devices in the 2nd quarter worth about $1,755,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the completion of the sale, the director owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the sale, the director directly owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,240 shares of company stock valued at $15,301,891 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Seaport Res Ptn raised Analog Devices from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. BNP Paribas Exane began coverage on shares of Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company increased their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $277.89.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $237.53 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The stock’s 50-day simple moving average is $240.79 and its 200-day simple moving average is $233.04. The firm has a market capitalization of $116.85 billion, a PE ratio of 60.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

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, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. 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 currently 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.