HighTower Advisors LLC Sells 24,042 Shares of Analog Devices, Inc. $ADI

HighTower Advisors LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,282 shares of the semiconductor company’s stock after selling 24,042 shares during the period. HighTower Advisors LLC owned 0.05% of Analog Devices worth $98,610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Riverbend Wealth Management LLC boosted its position in shares of Analog Devices by 2.2% in the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 27 shares during the last quarter. Bridgewater Advisors Inc. boosted its holdings in Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after buying an additional 27 shares during the last quarter. Silicon Valley Capital Partners grew its position in shares of Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock worth $214,000 after buying an additional 27 shares during the period. Sound Income Strategies LLC increased its stake in shares of Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. raised its position in shares of Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after acquiring an additional 32 shares during the period. 86.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Analog Devices

In related news, Director Ray Stata sold 1,416 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares in the company, valued at approximately $43,213,016.07. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director owned 10,019 shares of the company’s stock, valued at $3,752,115.50. The trade was a 9.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,363 shares of company stock valued at $15,477,939 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ADI has been the topic of several analyst reports. Stifel Nicolaus increased their target price on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Argus set a $460.00 target price on Analog Devices in a research note on Tuesday, May 26th. Wells Fargo & Company lowered their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Citigroup boosted their price objective on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $454.63.

Analog Devices Stock Performance

ADI opened at $362.25 on Monday. The company has a market capitalization of $175.54 billion, a price-to-earnings ratio of 42.97, a P/E/G ratio of 1.12 and a beta of 1.20. The business’s 50-day moving average price is $377.17 and its two-hundred day moving average price is $374.17. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Analog Devices 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.