Analog Devices, Inc. $ADI Shares Sold by SVB Wealth LLC

Key Points

• SVB Wealth LLC sold 10,428 shares of Analog Devices, reducing its holdings by 19.1%, leaving it with 44,070 shares valued at approximately $8.89 million.
• Insider Ray Stata sold 3,125 shares at an average price of $239.23, resulting in a total of about $747,594, and now owns 167,571 shares worth over $40 million.
• Several analysts have raised their target prices for Analog Devices, with JPMorgan Chase & Co. increasing its target from $300 to $310 and Goldman Sachs initiating coverage with a buy rating and a $285 price objective.

SVB Wealth LLC reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,070 shares of the semiconductor company's stock after selling 10,428 shares during the quarter. SVB Wealth LLC's holdings in Analog Devices were worth $8,888,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Analog Devices during the 4th quarter worth about $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices during the 4th quarter worth about $27,000. Alpine Bank Wealth Management acquired a new position in shares of Analog Devices during the 1st quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new position in shares of Analog Devices during the 1st quarter worth about $33,000. Finally, North Capital Inc. purchased a new stake in shares of Analog Devices in the 1st quarter valued at about $36,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the firm'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 sale, the director owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by company insiders.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $252.20 on Friday. The business's fifty day moving average price is $234.80 and its two-hundred day moving average price is $217.35. The stock has a market cap of $125.15 billion, a PE ratio of 64.34, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.51 and a current ratio of 2.32. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $257.22.

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

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.99 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices's dividend payout ratio (DPR) is 101.02%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday. Truist Financial boosted their target price on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a report on Thursday. The Goldman Sachs Group assumed coverage on Analog Devices in a research note on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective for the company. Noble Financial raised Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $273.53.

Analog Devices 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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