11,058 Analog Devices, Inc. $ADI Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Analog Devices stake by 84.5%, selling 11,058 shares and retaining 2,031 shares valued at approximately $806,000. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $460.55; ratings include 29 Buys, one Strong Buy and three Holds.
• Analog Devices reported quarterly earnings of $3.45 per share and revenue of $4.02 billion, exceeding estimates, while revenue increased 39.2% year over year. The company also declared a $1.10 quarterly dividend, or $4.40 annually.

Axxcess Wealth Management LLC lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 84.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,031 shares of the semiconductor company's stock after selling 11,058 shares during the period. Axxcess Wealth Management LLC's holdings in Analog Devices were worth $806,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms have weighed in on ADI. Wells Fargo & Company cut their price target on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a research note on Thursday, August 20th. Piper Sandler set a $460.00 price objective on Analog Devices in a report on Tuesday, September 8th. KeyCorp upped their price objective on Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Needham & Company LLC increased their target price on Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Finally, Fundamental Research set a $550.00 target price on Analog Devices in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $460.55.

Insider Buying and Selling at Analog Devices

In other news, insider Vivek Jain sold 3,305 shares of the company's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares of the company's stock, valued at $16,437,216.24. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. This trade represents 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 have sold 52,436 shares of company stock valued at $20,014,954 over the last three months. 0.36% of the stock is owned by company insiders.

Analog Devices Stock Up 1.4%

ADI opened at $391.07 on Friday. The firm has a 50 day moving average price of $383.75 and a 200 day moving average price of $389.29. The company has a market cap of $189.50 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the previous year, the company posted $2.05 earnings per share. Analog Devices's 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. Sell-side analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Dividend Announcement

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

About Analog Devices

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.

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