Analog Devices, Inc. $ADI Shares Sold by PUREfi Wealth LLC

PUREfi Wealth LLC trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,723 shares of the semiconductor company’s stock after selling 131 shares during the period. PUREfi Wealth LLC’s holdings in Analog Devices were worth $410,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ADI. Brighton Jones LLC raised its position in shares of Analog Devices by 39.5% in the 4th 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 in the last quarter. Vest Financial LLC raised its position in shares of Analog Devices by 38.1% during the 1st quarter. Vest Financial LLC now owns 9,632 shares of the semiconductor company’s stock valued at $1,942,000 after acquiring an additional 2,655 shares in the last quarter. Sovereign Financial Group Inc. raised its position in shares of Analog Devices by 5.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,626 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 90 shares in the last quarter. Radnor Capital Management LLC raised its position in shares of Analog Devices by 8.4% during the 1st quarter. Radnor Capital Management LLC now owns 1,420 shares of the semiconductor company’s stock valued at $286,000 after acquiring an additional 110 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Analog Devices by 17.8% during the 1st quarter. Sivia Capital Partners LLC now owns 1,288 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 195 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. KeyCorp upped their price target on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Citigroup reissued a “buy” rating and set a $290.00 price target (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Truist Financial increased their target price on Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, August 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.29.

Insiders Place Their Bets

In other news, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction 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 transaction, the senior vice president directly 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 disclosure for this sale can be found here. Insiders sold a total of 51,240 shares of company stock valued at $12,737,838 over the last three months. 0.33% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Shares of ADI opened at $241.99 on Monday. The firm has a market capitalization of $119.05 billion, a price-to-earnings ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. 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 one year low of $158.65 and a one year high of $258.13. The stock’s fifty day moving average is $240.89 and its 200-day moving average is $223.42.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating 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 company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is 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.