Analog Devices, Inc. $ADI Position Trimmed by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 74.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,030 shares of the semiconductor company’s stock after selling 3,067 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Analog Devices were worth $409,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Analog Devices in the second quarter valued at about $18,610,868,000. Bank of America Corp DE acquired a new stake in shares of Analog Devices during the second quarter worth about $3,573,081,000. Legal & General Group Plc purchased a new position in shares of Analog Devices during the second quarter worth about $1,525,167,000. Bank of New York Mellon Corp purchased a new position in shares of Analog Devices during the second quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA acquired a new position in Analog Devices in the 2nd quarter valued at about $1,242,479,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

ADI stock traded down $9.59 during midday trading on Wednesday, hitting $405.11. 1,167,349 shares of the stock were exchanged, compared to its average volume of 4,010,522. The stock’s 50-day moving average price is $381.59 and its 200-day moving average price is $385.14. The stock has a market cap of $196.31 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 1.25 and a beta of 1.22. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two 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 posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $2.05 earnings per share. Analog Devices’s quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on ADI. KeyCorp upped their price objective on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Evercore lowered their target price on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. BMO Capital Markets initiated coverage on Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 target price on the stock. Needham & Company LLC upped their price target 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, Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $460.09.

Insider Buying and Selling

In other news, 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 sale, the insider directly owned 40,428 shares in the company, valued at $16,437,216.24. This represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the sale, the chief executive officer owned 115,460 shares in the company, valued at approximately $45,830,692.40. This trade represents a 7.97% 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. Over the last ninety days, insiders have sold 50,936 shares of company stock valued at $19,430,764. 0.36% of the stock is owned by company insiders.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.