2,137 Analog Devices, Inc. $ADI Shares Sold by Investment House LLC

Investment House LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 67.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044 shares of the semiconductor company’s stock after selling 2,137 shares during the period. Investment House LLC’s holdings in Analog Devices were worth $414,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Marion Wealth Management grew its position in shares of Analog Devices by 1.9% during the 3rd quarter. Marion Wealth Management now owns 18,287 shares of the semiconductor company’s stock worth $7,255,000 after buying an additional 343 shares during the period. Pinnacle Bancorp Inc. lifted its position in shares of Analog Devices by 28.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 391 shares of the semiconductor company’s stock valued at $155,000 after acquiring an additional 86 shares during the period. Foster Victor Wealth Advisors LLC lifted its position in shares of Analog Devices by 46.8% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 31,566 shares of the semiconductor company’s stock valued at $12,448,000 after acquiring an additional 10,068 shares during the period. Vest Financial LLC lifted its position in shares of Analog Devices by 45.7% during the 3rd quarter. Vest Financial LLC now owns 53,026 shares of the semiconductor company’s stock valued at $21,036,000 after acquiring an additional 16,626 shares during the period. Finally, Arwa LLC bought a new position in Analog Devices during the third quarter worth $1,122,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Arete Research raised their price target on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Needham & Company LLC lifted their price target on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wells Fargo & Company dropped their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research report on Monday, June 29th. Finally, Morgan Stanley boosted their target price on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated 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 $45,830,692.40. This represents a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. The trade was a 4.72% 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. Insiders sold 52,436 shares of company stock worth $20,014,954 over the last three months. 0.36% of the stock is currently owned by insiders.

Analog Devices Price Performance

Shares of ADI opened at $391.07 on Friday. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The business’s fifty day moving average is $383.75 and its 200 day moving average is $389.29. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $189.50 billion, a P/E ratio of 46.39, a P/E/G ratio of 1.19 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices’s revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Analog Devices Profile

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.