Analog Devices, Inc. $ADI is Broderick Brian C's 6th Largest Position

Key Points

• Broderick Brian C reduced its stake in Analog Devices, Inc. by 3.4%, now holding 76,298 shares valued at approximately $18.16 million, making it the firm's 6th largest investment.
• The company reported $2.05 EPS for the latest quarter, surpassing expectations, and acknowledged a year-over-year revenue growth of 24.6%.
• Analog Devices recently declared a quarterly dividend of $0.99 per share, resulting in an annualized yield of 1.7%.

Broderick Brian C trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,298 shares of the semiconductor company's stock after selling 2,723 shares during the quarter. Analog Devices comprises approximately 3.6% of Broderick Brian C's portfolio, making the stock its 6th largest holding. Broderick Brian C's holdings in Analog Devices were worth $18,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Activest Wealth Management boosted its stake in Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after buying an additional 127 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Analog Devices in the 2nd quarter worth $26,000. Alpine Bank Wealth Management purchased a new position in shares of Analog Devices during the 1st quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new position in shares of Analog Devices during the 1st quarter valued at about $33,000. Finally, North Capital Inc. acquired a new position in shares of Analog Devices during the 1st quarter valued at about $36,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares of the company's stock, valued at $3,360,558.47. This trade represents a 15.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the transaction, the senior vice president owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,240 shares of company stock valued at $12,980,578. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Evercore ISI raised their price target on shares of Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. UBS Group decreased their price objective on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Citigroup restated a "buy" rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. increased their price target on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $275.29.

Analog Devices Trading Down 3.6%

ADI opened at $233.75 on Wednesday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $241.19 and a 200-day simple moving average of $223.76. The firm has a market cap of $114.99 billion, a P/E ratio of 59.63, a P/E/G ratio of 2.04 and a beta of 1.09.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Analog Devices Profile

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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