Analog Devices, Inc. $ADI Stock: Grandfield & Dodd LLC Lowers Holdings

Grandfield & Dodd LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,490 shares of the semiconductor company’s stock after selling 4,024 shares during the quarter. Analog Devices comprises approximately 4.8% of Grandfield & Dodd LLC’s holdings, making the stock its 3rd largest holding. Grandfield & Dodd LLC’s holdings in Analog Devices were worth $90,248,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ADI. Petros Family Wealth LLC raised its position in shares of Analog Devices by 0.8% during the third quarter. Petros Family Wealth LLC now owns 3,377 shares of the semiconductor company’s stock valued at $1,340,000 after buying an additional 26 shares during the last quarter. Bridgewater Advisors Inc. grew its position 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 in the last quarter. Silicon Valley Capital Partners raised its holdings in Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after acquiring an additional 27 shares in the last quarter. Cornerstone Financial Management LLC raised its holdings in Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 28 shares in the last quarter. Finally, 55 North Private Wealth LLC lifted its position in shares of Analog Devices by 2.8% in the 3rd quarter. 55 North Private Wealth LLC now owns 1,018 shares of the semiconductor company’s stock worth $404,000 after acquiring an additional 28 shares during the period. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Down 3.7%

Shares of NASDAQ ADI opened at $417.11 on Friday. The stock has a market cap of $202.12 billion, a PE ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.22. The business has a fifty day moving average of $388.54 and a two-hundred day moving average of $371.13. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. 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 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s dividend payout ratio is presently 52.19%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ADI shares. Morgan Stanley upped their target price on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Needham & Company LLC boosted their price target on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 20th. TD Cowen raised their price objective on shares of Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, October 19th. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. Finally, Piper Sandler set a $460.00 target price on shares of Analog Devices in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Insiders Place Their Bets

In other Analog Devices news, insider Vivek Jain sold 3,305 shares of the company’s 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 completion of the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This represents a 7.56% 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, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the sale, the chief executive officer directly owned 115,460 shares in the company, valued at $45,830,692.40. The trade was a 7.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,436 shares of company stock worth $20,014,954. Insiders own 0.36% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.