Analog Devices, Inc. $ADI Stock Holdings Reduced by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Analog Devices stake by 98.9% in the third quarter, selling 178,489 shares and retaining 2,034 shares worth approximately $807,000. Institutional investors still own 86.81% of ADI.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding analyst estimates, while revenue increased 39.2% year over year. The company also maintained a quarterly dividend of $1.10 per share, yielding about 1.1% annually.
• Wall Street remains broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $460.09 versus the stock’s reported $403.95 price. Recent analyst targets ranged from $425 to $525.

Curated Wealth Partners LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 98.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,034 shares of the semiconductor company's stock after selling 178,489 shares during the period. Curated Wealth Partners LLC's holdings in Analog Devices were worth $807,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices in the second quarter worth $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Analog Devices during the second quarter valued at $25,000. Nvwm LLC increased its position in shares of Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 59 shares during the period. Dunhill Financial LLC acquired a new position in shares of Analog Devices in the 2nd quarter valued at $32,000. Finally, Cornerstone Financial Management LLC increased its position in shares of Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 0.1%

NASDAQ:ADI opened at $403.95 on Friday. The firm has a market capitalization of $195.74 billion, a P/E ratio of 47.92, a PEG ratio of 1.25 and a beta of 1.22. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The company's fifty day moving average price is $382.64 and its 200-day moving average price is $386.46. 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 issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm 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%. The firm's revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. 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 (DPR) is currently 52.19%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ADI shares. KeyCorp raised their target price on Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. TD Cowen reiterated a "buy" rating and set a $460.00 price target (up from $450.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Seaport Research Partners raised Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a report on Thursday, August 20th. The Goldman Sachs Group restated a "buy" rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Finally, Morgan Stanley lifted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and an average price target of $460.09.

Insider Activity at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the business's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $421.08, for a total value of $631,620.00. Following the completion of the transaction, the chief financial officer owned 49,677 shares of the company's stock, valued at $20,917,991.16. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the business's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $420.04, for a total value of $594,776.64. Following the completion of the transaction, the director directly owned 108,847 shares of the company's stock, valued at approximately $45,720,093.88. This trade represents a 1.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,936 shares of company stock worth $19,430,764 in the last three months. Company insiders own 0.36% of the company's stock.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company's product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.

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