Analog Devices, Inc. $ADI Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.8%, now owning approximately 0.09% of the company, valued at about $109.2 million.
• Analog Devices reported Q3 earnings of $2.05 EPS, exceeding estimates, with revenue up 24.6% year-over-year at $2.88 billion.
• The company declared a quarterly dividend of $0.99 per share, representing a payout ratio of 101.02% and an annual yield of 1.7%.

US Bancorp DE lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,708 shares of the semiconductor company's stock after selling 23,213 shares during the quarter. US Bancorp DE owned approximately 0.09% of Analog Devices worth $109,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares during the period. RMG Wealth Management LLC acquired a new position in Analog Devices in the second quarter worth $26,000. Alpine Bank Wealth Management acquired a new position in Analog Devices in the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new position in Analog Devices in the first quarter worth $33,000. Finally, North Capital Inc. acquired a new position in Analog Devices in the first quarter worth $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $237.93 on Thursday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The company's 50-day moving average price is $241.32 and its two-hundred day moving average price is $223.86. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The stock has a market cap of $117.05 billion, a PE ratio of 60.70, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the business earned $1.58 earnings per share. Analog Devices's revenue for the quarter 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. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.7%. Analog Devices's payout ratio is 101.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. KeyCorp lifted their price objective on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Analog Devices in a research note on Wednesday. Piper Sandler raised their target price on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Cantor Fitzgerald raised their target price on Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. Finally, Raymond James Financial upgraded Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and a consensus price target of $275.29.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total transaction of $2,437,100.00. Following the sale, the chief executive officer owned 140,118 shares in the company, valued at approximately $34,148,157.78. The trade was a 6.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. The trade was a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,240 shares of company stock valued at $12,980,578 in the last quarter. 0.33% of the stock is owned by company insiders.

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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