Analog Devices, Inc. $ADI Shares Sold by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC reduced its holdings in Analog Devices, Inc. by 16.2%, selling 3,632 shares, leaving it with 18,816 shares valued at $3.79 million.
• Analog Devices recently reported $2.05 earnings per share for the quarter, exceeding estimates, with revenue of $2.88 billion, up 24.6% year-over-year.
• Analog Devices announced a quarterly dividend of $0.99 per share, representing a 1.6% yield and a payout ratio of over 101%.

First Manhattan CO. LLC. cut its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 16.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,816 shares of the semiconductor company's stock after selling 3,632 shares during the period. First Manhattan CO. LLC.'s holdings in Analog Devices were worth $3,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. boosted its position in shares of Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock worth $6,262,000 after buying an additional 22,973 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Analog Devices in the 1st quarter valued at about $296,000. Keybank National Association OH lifted its holdings in Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after purchasing an additional 12,505 shares in the last quarter. Eastern Bank lifted its holdings in Analog Devices by 6.0% in the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock valued at $39,664,000 after purchasing an additional 11,101 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in Analog Devices by 4.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after purchasing an additional 251 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of the company'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 owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was 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 approximately $3,360,558.47. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,615 shares of company stock worth $6,450,988 in the last 90 days. 0.33% of the stock is owned by company insiders.

Analog Devices Trading Up 0.3%

ADI traded up $0.65 on Monday, reaching $247.72. 620,230 shares of the company's stock were exchanged, compared to its average volume of 3,941,188. The company's 50 day moving average is $238.54 and its 200-day moving average is $219.88. The company has a market cap of $121.87 billion, a price-to-earnings ratio of 63.20, a PEG ratio of 2.10 and a beta of 1.08. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month 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.

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 analysts' consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company's revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio is currently 101.02%.

Analyst Ratings Changes

A number of research firms have issued reports on ADI. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and upped their target price for the company from $250.00 to $270.00 in a report on Wednesday, June 18th. Benchmark upped their target price on shares of Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Oppenheimer upped their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Evercore ISI upped their price objective on shares of Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $273.53.

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.