Analog Devices, Inc. $ADI Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services reduced its Analog Devices position by 1.5% in the second quarter, selling 3,705 shares and retaining 236,780 shares valued at approximately $94 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported stronger-than-expected quarterly results, with EPS of $3.09 versus the $2.89 consensus and revenue of $3.62 billion, up 37.2% year over year. The company guided for third-quarter EPS of $3.15–$3.45.
• ADI shares opened at $385.30, while analysts maintained an overall “Moderate Buy” consensus and an average price target of $441. The company also pays a quarterly dividend of $1.10 per share, yielding about 1.1% annually.

Annex Advisory Services LLC cut its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 236,780 shares of the semiconductor company's stock after selling 3,705 shares during the quarter. Analog Devices makes up 1.6% of Annex Advisory Services LLC's investment portfolio, making the stock its 14th largest position. Annex Advisory Services LLC's holdings in Analog Devices were worth $94,042,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Banque Transatlantique SA purchased a new stake in Analog Devices in the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices during the 2nd quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Analog Devices during the fourth quarter worth $27,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Analog Devices in the first quarter valued at $30,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Trading Up 0.4%

Shares of ADI opened at $385.30 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $187.68 billion, a P/E ratio of 57.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. The stock's fifty day simple moving average is $393.46 and its 200 day simple moving average is $367.61. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm's quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices's dividend payout ratio is 65.38%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company's stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. This trade represents a 1.18% 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. Over the last ninety days, insiders have sold 105,274 shares of company stock worth $42,247,986. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ADI shares. Weiss Ratings lowered Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price target on shares of Analog Devices in a research note on Wednesday, May 20th. Needham & Company LLC lifted their price target on Analog Devices from $400.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Stifel Nicolaus upped their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $441.00.

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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