Analog Devices, Inc. $ADI Shares Sold by Western Financial Corp CA

Western Financial Corp CA lowered its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 76.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,253 shares of the semiconductor company’s stock after selling 7,241 shares during the period. Western Financial Corp CA’s holdings in Analog Devices were worth $894,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ADI. Riverbend Wealth Management LLC increased its holdings in Analog Devices by 2.2% in the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 27 shares during the period. Bridgewater Advisors Inc. boosted its holdings in Analog Devices by 1.5% in the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 27 shares during the last quarter. Silicon Valley Capital Partners increased its position in Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 27 shares during the period. Cornerstone Financial Management LLC increased its position in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 28 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in Analog Devices by 12.0% during the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, CFO Richard Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $421.08, for a total value of $631,620.00. Following the completion of the sale, the chief financial officer directly owned 49,677 shares of the company’s stock, valued at $20,917,991.16. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the transaction, the director directly owned 108,847 shares in the company, valued at approximately $45,720,093.88. This trade represents a 1.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 50,936 shares of company stock worth $19,430,764 over the last 90 days. 0.36% of the stock is owned by company insiders.

Analog Devices Stock Down 2.7%

Shares of Analog Devices stock traded down $11.13 during trading on Wednesday, reaching $403.57. 5,011,664 shares of the company traded hands, compared to its average volume of 4,030,830. 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, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The company has a 50 day moving average price of $382.11 and a 200-day moving average price of $385.78. The firm has a market capitalization of $195.56 billion, a PE ratio of 47.87, a P/E/G ratio of 1.25 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company posted $2.05 earnings per share. The business’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 12.96 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 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. The Goldman Sachs Group reissued a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Evercore dropped their target price on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. TD Cowen reaffirmed a “buy” rating and set a $460.00 price target (up from $450.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. increased their price target on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $460.09.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.