1,069 Shares in Analog Devices, Inc. $ADI Purchased by McLean Asset Management Corp

Key Points

• McLean Asset Management Corp acquired 1,069 shares of Analog Devices, Inc., equating to a value of approximately $262,000.
• Insider trading activity revealed that both SVP Martin Cotter and CEO Vincent Roche sold significant amounts of shares, indicating a decrease in their ownership stakes.
• Analysts have raised their price targets for Analog Devices, with reports showing a consensus target price of $273.53 and a prevailing rating of "Moderate Buy".

McLean Asset Management Corp acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,069 shares of the semiconductor company's stock, valued at approximately $262,000.

Several other large investors have also bought and sold shares of ADI. China Universal Asset Management Co. Ltd. boosted its position in shares of Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock worth $6,262,000 after purchasing an additional 22,973 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $296,000. Keybank National Association OH boosted its position in shares of Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock worth $5,461,000 after purchasing an additional 12,505 shares in the last quarter. Eastern Bank boosted its position in shares of Analog Devices by 6.0% in the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock worth $39,664,000 after purchasing an additional 11,101 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in Analog Devices by 4.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after acquiring an additional 251 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the sale, the chief executive officer owned 23,515 shares of the company's stock, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,115 shares of company stock valued at $9,529,113. Company insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup reaffirmed a "buy" rating and issued a $290.00 price objective (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Benchmark upped their price objective on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Stifel Nicolaus upped their price objective on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Morgan Stanley boosted their target price on shares of Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, Truist Financial boosted their target price on shares of Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Trading Down 1.2%

Shares of Analog Devices stock opened at $245.21 on Friday. The company has a market capitalization of $120.63 billion, a P/E ratio of 62.55, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The company has a fifty day moving average of $238.98 and a 200 day moving average of $220.48. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. Analog Devices's quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's dividend payout ratio is 101.02%.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

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