Analog Devices, Inc. $ADI Stock: Grandfield & Dodd LLC Lowers Position

Key Points

• Grandfield & Dodd LLC reduced its Analog Devices position by 1.7% in the third quarter, selling 4,024 shares and retaining 227,490 shares valued at approximately $90.2 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $460.55; several firms recently raised their targets.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding estimates, while the stock opened at $417.11 after a reported 3.7% decline. The company also maintains a quarterly dividend of $1.10 per share, yielding about 1.1%.

Grandfield & Dodd LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,490 shares of the semiconductor company's stock after selling 4,024 shares during the period. Analog Devices makes up about 4.8% of Grandfield & Dodd LLC's holdings, making the stock its 3rd biggest position. Grandfield & Dodd LLC's holdings in Analog Devices were worth $90,248,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. IPG Investment Advisors LLC acquired a new stake in shares of Analog Devices during the second quarter worth approximately $1,922,000. Lazard Asset Management LLC increased its stake in Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company's stock valued at $543,656,000 after buying an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Analog Devices in the 2nd quarter worth approximately $500,414,000. Ieq Capital LLC purchased a new stake in Analog Devices in the 2nd quarter worth approximately $19,643,000. Finally, Nan Shan Life Insurance Co. Ltd. boosted its stake in shares of Analog Devices by 804.4% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 62,297 shares of the semiconductor company's stock valued at $24,742,000 after buying an additional 55,409 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the transaction, the chief executive officer owned 115,460 shares in the company, valued at $45,830,692.40. This trade represents a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the business's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the sale, the insider owned 14,849 shares of the company's stock, valued at $6,162,631.98. The trade was a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 52,436 shares of company stock valued at $20,014,954. Insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ADI. Robert W. Baird boosted their price target on shares of Analog Devices from $450.00 to $675.00 and gave the company an "outperform" rating in a report on Monday, August 24th. KeyCorp raised their price target on Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. The Goldman Sachs Group reiterated a "buy" rating and set a $480.00 price target (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Cantor Fitzgerald reissued an "overweight" rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Finally, JPMorgan Chase & Co. increased their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $460.55.

Analog Devices Trading Down 3.7%

Analog Devices stock opened at $417.11 on Friday. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company's fifty day moving average price is $388.54 and its two-hundred day moving average price is $371.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The company has a market capitalization of $202.12 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts forecast that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices's payout ratio is 52.19%.

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

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