OLD Point Trust & Financial Services N A Has $189,000 Stock Position in Analog Devices, Inc. $ADI

OLD Point Trust & Financial Services N A cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 60.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 796 shares of the semiconductor company’s stock after selling 1,239 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Analog Devices were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Baader Bank Aktiengesellschaft grew its stake in shares of Analog Devices by 3.9% in the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after buying an additional 43 shares in the last quarter. Bennett Associates Wealth Management grew its stake in shares of Analog Devices by 2.9% in the second quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 46 shares in the last quarter. EFG Asset Management North America Corp. grew its stake in shares of Analog Devices by 0.3% in the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company’s stock valued at $2,866,000 after buying an additional 47 shares in the last quarter. Plimoth Trust Co. LLC grew its stake in shares of Analog Devices by 1.8% in the second quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company’s stock valued at $624,000 after buying an additional 47 shares in the last quarter. Finally, Regatta Capital Group LLC grew its stake in shares of Analog Devices by 4.5% in the second quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 48 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Citigroup reissued a “buy” rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Benchmark boosted their target price on shares of Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company boosted their price target on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the sale, the director directly owned 155,071 shares of the company’s stock, valued at $38,290,131.32. This represents a 1.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,115 shares of company stock worth $12,232,985. Company insiders own 0.33% of the company’s stock.

Analog Devices Stock Down 2.4%

Shares of NASDAQ ADI opened at $240.36 on Thursday. The stock has a 50-day moving average price of $244.08 and a two-hundred day moving average price of $226.59. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The company has a market cap of $118.25 billion, a price-to-earnings ratio of 61.32, a PEG ratio of 2.08 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data 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. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate 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 was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend 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.