DAVENPORT & Co LLC Sells 15,965 Shares of Analog Devices, Inc. $ADI

DAVENPORT & Co LLC cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 537,455 shares of the semiconductor company’s stock after selling 15,965 shares during the period. DAVENPORT & Co LLC’s holdings in Analog Devices were worth $146,197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ADI. Howard Hughes Medical Institute acquired a new position in shares of Analog Devices in the 2nd quarter valued at $25,000. Clayton Financial Group LLC acquired a new stake in shares of Analog Devices during the third quarter worth $31,000. Y.D. More Investments Ltd bought a new stake in Analog Devices in the third quarter valued at about $32,000. LFA Lugano Financial Advisors SA increased its holdings in Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in Analog Devices in the third quarter valued at about $38,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADI. Citigroup restated a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Truist Financial increased their price target on shares of Analog Devices from $291.00 to $364.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Piper Sandler lifted their price objective on shares of Analog Devices from $250.00 to $360.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Morgan Stanley restated an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a report on Thursday, February 19th. Finally, Stifel Nicolaus set a $405.00 target price on shares of Analog Devices and gave the company a “buy” rating in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $366.96.

Insider Transactions at Analog Devices

In related news, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at approximately $13,828,444.16. The trade was a 16.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 41,449 shares of company stock valued at $12,336,069. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Up 3.1%

Shares of Analog Devices stock opened at $321.83 on Wednesday. The company has a market capitalization of $157.12 billion, a P/E ratio of 58.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. The business has a 50-day moving average of $323.09 and a two-hundred day moving average of $278.63. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $363.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.15. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Analog Devices’s revenue for the quarter was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Analog Devices’s payout ratio is presently 80.44%.

About Analog Devices

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.