2,704 Analog Devices, Inc. $ADI Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich reduced its Analog Devices holdings by 2.5%, selling 2,704 shares and retaining 103,608 shares worth approximately $41.2 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported quarterly EPS of $3.45, beating estimates of $3.34, while revenue rose 39.2% year over year to $4.02 billion. The company also maintains a quarterly dividend of $1.10, equivalent to a 1.1% yield.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $460.55, compared with the stock’s reported price of $412.85.

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,608 shares of the semiconductor company's stock after selling 2,704 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Analog Devices were worth $41,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in Analog Devices in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Analog Devices in the second quarter valued at approximately $25,000. Nvwm LLC increased its position in shares of Analog Devices by 590.0% during the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 59 shares in the last quarter. Cornerstone Financial Management LLC increased its position in shares of Analog Devices by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 28 shares in the last quarter. Finally, Dunhill Financial LLC bought a new stake in shares of Analog Devices during the second quarter worth $32,000. 86.81% of the stock is currently owned by institutional investors.

Insider Transactions at Analog Devices

In other news, CFO Richard Puccio, Jr. sold 2,683 shares of the business'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 transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. The trade was a 4.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. 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 41,020 shares of company stock worth $15,850,598 in the last ninety days. Insiders own 0.36% of the company's stock.

Analog Devices Stock Down 1.0%

NASDAQ:ADI opened at $412.85 on Tuesday. The firm has a market capitalization of $200.05 billion, a price-to-earnings ratio of 48.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The stock's 50 day moving average price is $389.34 and its two-hundred day moving average price is $371.71. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (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 analysts' expectations of $3.92 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The business'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. Equities research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given 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%.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research analyst reports. Needham & Company LLC raised their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Robert W. Baird increased their target price on Analog Devices from $450.00 to $675.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Sanford C. Bernstein raised Analog Devices from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 25th. Finally, Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. One 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 stock. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average target price of $460.55.

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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