Analog Devices, Inc. $ADI Stock Sold by Ethic Inc.

Ethic Inc. lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,965 shares of the semiconductor company’s stock after selling 2,218 shares during the period. Ethic Inc.’s holdings in Analog Devices were worth $15,458,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ullmann Wealth Partners Group LLC lifted its position in shares of Analog Devices by 4.4% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 592 shares of the semiconductor company’s stock valued at $235,000 after acquiring an additional 25 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its stake in Analog Devices by 23.8% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 130 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 25 shares during the period. Petros Family Wealth LLC grew its position in Analog Devices by 0.8% during the 3rd quarter. Petros Family Wealth LLC now owns 3,377 shares of the semiconductor company’s stock worth $1,340,000 after purchasing an additional 26 shares in the last quarter. Bridgewater Advisors Inc. grew its position in Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after purchasing an additional 27 shares in the last quarter. Finally, Silicon Valley Capital Partners grew 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 worth $214,000 after purchasing an additional 27 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. KeyCorp boosted their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Robert W. Baird lifted their price target on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, August 24th. JPMorgan Chase & Co. upped their price target on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Needham & Company LLC increased their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, BMO Capital Markets began coverage on Analog Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Insider Activity

In other Analog Devices news, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the transaction, the insider owned 14,849 shares in the company, valued at $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vivek Jain sold 3,305 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the transaction, the insider owned 40,428 shares in the company, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 52,436 shares of company stock valued at $20,681,906. Insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $363.56 on Friday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The business has a 50-day moving average of $390.52 and a two-hundred day moving average of $373.48. The stock has a market capitalization of $176.17 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.88 and a beta of 1.24. 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 released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

About Analog Devices

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.