Proficio Capital Partners LLC Decreases Holdings in Analog Devices, Inc. $ADI

Proficio Capital Partners LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,146 shares of the semiconductor company’s stock after selling 1,985 shares during the period. Proficio Capital Partners LLC’s holdings in Analog Devices were worth $4,030,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new stake in shares of Analog Devices in the fourth quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new stake in shares of Analog Devices during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Analog Devices during the 2nd quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in Analog Devices during the 4th quarter worth approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices in the 4th quarter worth approximately $27,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ADI shares. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective for the company in a research report on Thursday, August 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 target price on shares of Analog Devices in a research report on Monday, August 17th. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and upped their target price for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. Barclays raised their price target on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Stifel Nicolaus lifted their price target on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $454.63.

Insider Buying and Selling at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the completion of the sale, the director owned 10,019 shares of the company’s stock, valued at $3,752,115.50. This represents a 9.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the sale, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 31,363 shares of company stock valued at $11,914,639. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $362.14 on Tuesday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $175.48 billion, a price-to-earnings ratio of 42.96, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20. The business has a 50 day simple moving average of $381.10 and a 200-day simple moving average of $373.56.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data 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 firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the business 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 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

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

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.