Madison Asset Management LLC Sells 30,058 Shares of Analog Devices, Inc. $ADI

Madison Asset Management LLC lowered its stake in Analog Devices, Inc. (NASDAQ:ADI) by 8.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 337,410 shares of the semiconductor company’s stock after selling 30,058 shares during the period. Analog Devices makes up approximately 1.3% of Madison Asset Management LLC’s holdings, making the stock its 17th biggest position. Madison Asset Management LLC’s holdings in Analog Devices were worth $107,344,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ADI. Banque Transatlantique SA bought a new position in shares of Analog Devices in the 4th quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in Analog Devices during the fourth quarter worth approximately $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices during the fourth quarter worth approximately $27,000. Evolution Wealth Management Inc. acquired a new position in Analog Devices during the first quarter valued at approximately $30,000. Finally, Albion Financial Group UT raised its position in shares of Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the sale, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. 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 sold 103,858 shares of company stock valued at $42,062,730 in the last ninety days. 0.36% of the stock is owned by corporate insiders.

Analog Devices Trading Down 0.8%

Shares of Analog Devices stock opened at $372.46 on Tuesday. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91. The company’s fifty day simple moving average is $405.42 and its 200-day simple moving average is $358.22. The company has a market cap of $181.42 billion, a price-to-earnings ratio of 55.34, a PEG ratio of 1.05 and a beta of 1.18. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the company earned $1.85 EPS. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 12.43 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is 65.38%.

Analysts Set New Price Targets

ADI has been the subject of a number of analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Robert W. Baird boosted their target price on shares of Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Wolfe Research restated an “outperform” rating and set a $475.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Finally, Citigroup raised their price target 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 research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $441.00.

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.