Parallel Advisors LLC Sells 1,048 Shares of Analog Devices, Inc. $ADI

Key Points

• Parallel Advisors LLC reduced its stake in Analog Devices, Inc. by 6.5% during Q2, now holding 15,042 shares valued at approximately $3.58 million.
• Wells Fargo & Company raised its target price for Analog Devices from $235.00 to $250.00 while maintaining an "equal weight" rating, with the stock receiving an overall Moderate Buy consensus rating from analysts.
• Analog Devices declared a quarterly dividend of $0.99 per share, reflecting a 1.6% yield, with the company’s payout ratio standing at 101.02%.

Parallel Advisors LLC reduced its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,042 shares of the semiconductor company's stock after selling 1,048 shares during the period. Parallel Advisors LLC's holdings in Analog Devices were worth $3,580,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ADI. Vanguard Group Inc. boosted its holdings in shares of Analog Devices by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after purchasing an additional 359,841 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $2,304,098,000 after purchasing an additional 2,407,460 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Analog Devices by 0.3% during the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company's stock worth $793,616,000 after purchasing an additional 12,666 shares during the period. Amundi boosted its holdings in shares of Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after purchasing an additional 880,636 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Analog Devices by 1.9% during the first 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 purchasing an additional 63,566 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the transaction, the chief executive officer owned 23,515 shares of the company's stock, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,115 shares of company stock worth $9,529,113. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADI. UBS Group decreased their price target on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Finally, Zacks Research upgraded shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two equities research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Stock Performance

Shares of Analog Devices stock traded up $2.73 on Thursday, reaching $249.05. The stock had a trading volume of 3,129,296 shares, compared to its average volume of 3,886,670. The business's 50-day moving average price is $239.09 and its two-hundred day moving average price is $220.81. 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, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The stock has a market cap of $122.52 billion, a P/E ratio of 63.53, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08.

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

Analog Devices Announces Dividend

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

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.