SVB Wealth LLC Reduces Holdings in Analog Devices, Inc. $ADI

SVB Wealth LLC lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 9.6% in the first quarter, Holdings Channel reports. The institutional investor owned 25,063 shares of the semiconductor company’s stock after selling 2,649 shares during the quarter. SVB Wealth LLC’s holdings in Analog Devices were worth $7,974,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. ING Groep NV boosted its position in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after purchasing an additional 69,202 shares during the period. Nordea Investment Management AB raised its position in Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock valued at $95,802,000 after purchasing an additional 249,702 shares during the period. Covenant Asset Management LLC purchased a new stake in Analog Devices in the fourth quarter valued at approximately $2,500,000. HF Advisory Group LLC lifted its stake in Analog Devices by 661.6% during the fourth quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after purchasing an additional 43,168 shares in the last quarter. Finally, Jones Kertz & Associates Inc. acquired a new position in Analog Devices during the fourth quarter worth $1,480,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ADI shares. Barclays lifted their price objective on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. TD Cowen raised their target price on Analog Devices from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 price target on shares of Analog Devices in a research note on Wednesday, May 20th. Finally, KeyCorp increased their price target on shares of Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $432.71.

Insider Buying and Selling

In related news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This represents a 17.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 101,442 shares of company stock valued at $40,422,954. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 2.5%

Analog Devices stock opened at $445.48 on Tuesday. The firm has a market capitalization of $216.99 billion, a P/E ratio of 66.19, a P/E/G ratio of 1.22 and a beta of 1.18. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a twelve month low of $218.37 and a twelve month high of $445.91. The stock’s fifty day simple moving average is $403.43 and its 200-day simple moving average is $342.40.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the business posted $1.85 earnings per share. Analog Devices’s revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.