Good Life Advisors LLC Reduces Stake in Analog Devices, Inc. $ADI

Good Life Advisors LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 28.4% during the second quarter, Holdings Channel reports. The firm owned 1,433 shares of the semiconductor company’s stock after selling 568 shares during the period. Good Life Advisors LLC’s holdings in Analog Devices were worth $341,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Analog Devices by 26.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock valued at $2,304,098,000 after acquiring an additional 2,407,460 shares in the last quarter. Nuveen LLC purchased a new position in Analog Devices during the 1st quarter worth approximately $351,943,000. Amundi increased its position in Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock worth $785,071,000 after buying an additional 880,636 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after acquiring an additional 633,425 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Analog Devices by 211.9% during the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock worth $150,295,000 after acquiring an additional 506,314 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Analog Devices stock opened at $234.89 on Friday. The company has a market cap of $115.56 billion, a P/E ratio of 59.92, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The business has a fifty day moving average of $240.54 and a two-hundred day moving average of $233.33. 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 (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during 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 business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date 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 is currently 101.02%.

Insider Transactions at Analog Devices

In other news, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was 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 owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,240 shares of company stock worth $15,301,891 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ADI shares. Stifel Nicolaus raised their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. KeyCorp raised 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. Piper Sandler upped their price objective on Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Cantor Fitzgerald lifted their target price on Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Finally, BNP Paribas started coverage on Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.89.

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.