Absher Wealth Management LLC Sells 11,791 Shares of Analog Devices, Inc. $ADI

Absher Wealth Management LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,055 shares of the semiconductor company's stock after selling 11,791 shares during the quarter. Analog Devices comprises about 4.2% of Absher Wealth Management LLC's investment portfolio, making the stock its 5th largest holding. Absher Wealth Management LLC's holdings in Analog Devices were worth $35,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clayton Financial Group LLC bought a new stake in Analog Devices during the third quarter worth approximately $31,000. Y.D. More Investments Ltd acquired a new stake in Analog Devices in the third quarter worth approximately $32,000. LFA Lugano Financial Advisors SA boosted its stake in Analog Devices by 92.9% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Albion Financial Group UT increased its position in shares of Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 36 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC increased its position in shares of Analog Devices by 61.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 49 shares during the period. Institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the sale, the chief accounting officer owned 14,740 shares in the company, valued at approximately $5,321,434.80. This represents a 22.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $318.14, for a total transaction of $3,181,400.00. Following the completion of the transaction, the chief executive officer directly owned 167,826 shares of the company's stock, valued at $53,392,163.64. This represents a 5.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,324 shares of company stock worth $8,758,085. 0.36% of the stock is owned by corporate insiders.

Analog Devices Stock Up 5.9%

Shares of Analog Devices stock opened at $403.88 on Friday. The stock's fifty day moving average is $336.28 and its 200-day moving average is $292.94. The firm has a market capitalization of $197.17 billion, a PE ratio of 73.84, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12-month low of $186.73 and a 12-month high of $408.37.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.31 by $0.15. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business posted $1.63 earnings per share. Analog Devices's revenue was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 11.38 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a dividend of $1.10 per share. This is an increase from Analog Devices's previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 3rd. Analog Devices's dividend payout ratio (DPR) is presently 80.44%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ADI shares. Bank of America upped their price objective on Analog Devices from $400.00 to $425.00 and gave the company a "buy" rating in a report on Monday, April 13th. Robert W. Baird set a $365.00 price target on shares of Analog Devices in a research report on Thursday, February 19th. Needham & Company LLC raised shares of Analog Devices from a "hold" rating to a "buy" rating and set a $400.00 price target for the company in a report on Thursday, February 19th. Cantor Fitzgerald raised their price objective on shares of Analog Devices from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 17th. Finally, Piper Sandler boosted their target price on shares of Analog Devices from $250.00 to $360.00 and gave the stock a "neutral" rating in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and an average price target of $370.69.

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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