Analog Devices, Inc. $ADI Stock Holdings Lessened by Birinyi Associates Inc.

Key Points

• Birinyi Associates cut its Analog Devices stake by 27.6% in the third quarter, selling 2,904 shares and retaining 7,604 shares valued at approximately $3.0 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding analyst expectations, while revenue increased 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, equal to a 1.1% annualized yield.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $460.55, compared with the reported share price of $417.11. Company insiders sold shares under pre-arranged trading plans during the period.

Birinyi Associates Inc. lessened its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,604 shares of the semiconductor company's stock after selling 2,904 shares during the quarter. Analog Devices makes up 0.7% of Birinyi Associates Inc.'s holdings, making the stock its 24th biggest position. Birinyi Associates Inc.'s holdings in Analog Devices were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ADI. BlackRock Inc. acquired a new position in Analog Devices during the second quarter worth $18,610,868,000. Bank of America Corp DE bought a new stake in Analog Devices during the second quarter worth $3,573,081,000. Legal & General Group Plc acquired a new stake in Analog Devices in the second quarter valued at $1,525,167,000. Bank of New York Mellon Corp acquired a new stake in Analog Devices in the second quarter valued at $1,326,066,000. Finally, Primecap Management Co. CA acquired a new stake in Analog Devices in the second quarter valued at $1,242,479,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of ADI opened at $417.11 on Friday. The firm has a market capitalization of $202.12 billion, a PE ratio of 49.48, a PEG ratio of 1.33 and a beta of 1.22. The company's 50-day moving average is $388.54 and its 200-day moving average is $371.13. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) 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 net margin of 29.79% and a return on equity of 16.39%. Analog Devices's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders 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 of this dividend was Tuesday, September 1st. Analog Devices's dividend payout ratio is currently 52.19%.

Insider Activity

In other news, Director Ray Stata sold 1,416 shares of the company's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the transaction, the director owned 108,847 shares of the company's stock, valued at approximately $45,720,093.88. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $3,969,400.00. Following the transaction, the chief executive officer owned 115,460 shares in the company, valued at approximately $45,830,692.40. This trade represents a 7.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 52,436 shares of company stock valued at $20,014,954. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ADI. The Goldman Sachs Group reissued a "buy" rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Evercore cut their target price on shares of Analog Devices from $474.00 to $462.00 and set an "outperform" rating for the company in a research note on Thursday, August 20th. Morgan Stanley raised their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Wells Fargo & Company reduced their price target on Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Thursday, August 20th. Finally, Sanford C. Bernstein raised Analog Devices from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $460.55.

Analog Devices Profile

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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