Analog Devices, Inc. $ADI Shares Sold by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors LLC reduced its stake in Analog Devices, Inc. by 11.8%, owning 12,077 shares valued at $2.875 million after selling 1,611 shares in the second quarter.
• Insider sales included SVP Martin Cotter and CEO Vincent Roche, who sold 12,500 and 20,000 shares, respectively, with recent transactions reflecting significant decreases in their ownership percentages.
• Analog Devices announced a quarterly dividend of $0.99, representing a yield of 1.8%, with a current payout ratio of 101.02% as of the last quarter.

Fifth Third Wealth Advisors LLC trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 11.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,077 shares of the semiconductor company's stock after selling 1,611 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Analog Devices were worth $2,875,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Analog Devices by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after acquiring an additional 359,841 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Analog Devices by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after acquiring an additional 2,407,460 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Analog Devices by 0.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company's stock worth $793,616,000 after acquiring an additional 12,666 shares during the last quarter. Amundi grew its holdings in shares of Analog Devices by 29.2% in the 1st 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Analog Devices by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company's stock worth $685,109,000 after acquiring an additional 63,566 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was 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 of the company's stock, valued at $15,525,570. The trade was a 16.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the transaction, the chief executive officer directly owned 23,515 shares in the company, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,240 shares of company stock worth $12,980,578 over the last ninety days. 0.33% of the stock is owned by insiders.

Analog Devices Trading Down 5.3%

Analog Devices stock opened at $225.32 on Friday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The firm has a market capitalization of $110.85 billion, a PE ratio of 57.48, a PEG ratio of 2.00 and a beta of 1.09. The business's 50-day simple moving average is $241.66 and its 200-day simple moving average is $224.11.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly 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. 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 period in the previous year, the company posted $1.58 earnings per share. The company's quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices's payout ratio is presently 101.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ADI shares. Piper Sandler lifted their price target on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Noble Financial upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Benchmark lifted their price target on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Zacks Research upgraded Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Finally, Seaport Res Ptn upgraded Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $275.29.

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.

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