Thoroughbred Financial Services LLC Decreases Stake in Analog Devices, Inc. $ADI

Thoroughbred Financial Services LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 29.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,866 shares of the semiconductor company’s stock after selling 2,491 shares during the period. Thoroughbred Financial Services LLC’s holdings in Analog Devices were worth $1,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares during the last quarter. Edgestream Partners L.P. raised its position in Analog Devices by 32.1% during the 1st quarter. Edgestream Partners L.P. now owns 8,618 shares of the semiconductor company’s stock worth $1,738,000 after buying an additional 2,095 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Analog Devices by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 44,663 shares of the semiconductor company’s stock valued at $9,007,000 after acquiring an additional 1,105 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Analog Devices during the first quarter worth $520,000. Finally, OneAscent Financial Services LLC raised its holdings in shares of Analog Devices by 112.4% during the first quarter. OneAscent Financial Services LLC now owns 3,996 shares of the semiconductor company’s stock worth $800,000 after purchasing an additional 2,115 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction 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 owned 5,118 shares in the company, valued at $1,242,343.32. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. This represents a 16.55% 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 insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ADI shares. Wells Fargo & Company increased 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. Barclays upped their target price on Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Piper Sandler boosted their price target on Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Evercore ISI raised their price target on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, Seaport Res Ptn upgraded Analog Devices from a “strong sell” rating to a “hold” rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $277.89.

Analog Devices Stock Performance

NASDAQ:ADI opened at $234.89 on Friday. The company has a market cap of $115.56 billion, a P/E ratio of 59.92, a P/E/G ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company’s 50-day moving average price is $240.54 and its 200-day moving average price is $233.61. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.

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

Analog Devices Dividend Announcement

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. This represents a $3.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Analog Devices’s payout ratio is presently 101.02%.

Analog Devices 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.