Analog Devices, Inc. $ADI Shares Sold by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. reduced its stake in Analog Devices, Inc. by 1.2% in Q2, now holding 115,949 shares valued at approximately $27.6 million.
• Insider trading activity included significant sales by SVP Katsufumi Nakamura and CEO Vincent Roche, who sold 2,490 and 20,000 shares, respectively, totaling over $5.7 million.
• Analog Devices reported a quarterly earnings beat with EPS of $2.05, exceeding estimates, and annual revenue growth of 24.6%, contributing to an optimistic outlook among analysts.

Ferguson Wellman Capital Management Inc. reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,949 shares of the semiconductor company's stock after selling 1,429 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Analog Devices were worth $27,598,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ADI. Price T Rowe Associates Inc. MD boosted its stake in shares of Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock valued at $2,304,098,000 after purchasing an additional 2,407,460 shares during the period. GAMMA Investing LLC lifted its stake in Analog Devices by 25,460.1% in the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after acquiring an additional 2,203,062 shares during the period. Nuveen LLC purchased a new stake in Analog Devices in the first quarter worth about $351,943,000. Amundi lifted its stake in Analog Devices by 29.2% in the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after acquiring an additional 880,636 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Analog Devices by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock worth $708,260,000 after acquiring an additional 668,023 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADI. Seaport Res Ptn raised shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Stifel Nicolaus upped their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Citigroup reaffirmed a "buy" rating and issued a $290.00 price objective (up from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Truist Financial increased their price target on shares of Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research report on Thursday, August 21st. Finally, Zacks Research raised shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Stock Performance

NASDAQ:ADI traded up $1.91 during midday trading on Monday, hitting $247.24. The company's stock had a trading volume of 757,231 shares, compared to its average volume of 3,876,339. The firm has a market cap of $121.63 billion, a P/E ratio of 63.01, a P/E/G ratio of 2.07 and a beta of 1.08. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The firm's 50 day moving average is $239.18 and its 200-day moving average is $221.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the transaction, the director directly owned 155,071 shares of the company's stock, valued at $38,290,131.32. The trade was a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated 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 directly owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,240 shares of company stock worth $10,300,738. Company insiders own 0.33% of the company's stock.

About Analog Devices

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.