Glenview Trust co Boosts Stock Position in Analog Devices, Inc. $ADI

Key Points

• Glenview Trust Co. increased its stake in Analog Devices, Inc. by 1.0%, now holding 160,492 shares valued at approximately $32.37 million.
• Analog Devices recently announced a quarterly dividend of $0.99 per share, representing a 1.6% annual yield and a payout ratio of 101.02%.
• In recent analyst ratings, Zacks Research upgraded Analog Devices from "hold" to a "strong-buy," while various firms adjusted their price targets, with Benchmark raising it from $260 to $285.

Glenview Trust co increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,492 shares of the semiconductor company's stock after purchasing an additional 1,567 shares during the period. Glenview Trust co's holdings in Analog Devices were worth $32,366,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management grew 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 purchasing an additional 127 shares during the period. Orion Capital Management LLC acquired a new stake in Analog Devices during the fourth quarter worth approximately $27,000. Menard Financial Group LLC acquired a new stake in Analog Devices during the fourth quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new stake in Analog Devices during the first quarter worth approximately $27,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Analog Devices during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Down 1.2%

Shares of NASDAQ:ADI traded down $3.03 during mid-day trading on Friday, hitting $245.21. 2,109,962 shares of the company traded hands, compared to its average volume of 3,573,982. The stock has a market cap 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 current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The stock has a 50-day moving average price of $238.98 and a two-hundred day moving average price of $220.48.

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

Analog Devices Announces Dividend

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

Insider Buying and Selling

In related news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president owned 13,549 shares of the company's stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Martin Cotter sold 12,500 shares of Analog Devices 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 transaction, the senior vice president directly owned 63,048 shares in the company, valued at approximately $15,525,570. The trade was a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,115 shares of company stock worth $9,529,113 in the last ninety days. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp raised their target price on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Zacks Research raised Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Finally, Truist Financial raised their price objective on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Company 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.