Analog Devices, Inc. $ADI Stock Position Reduced by Salvus Wealth Management LLC

Key Points

• Salvus Wealth Management cut its Analog Devices stake by 69.4% in the second quarter, selling 9,440 shares and retaining 4,153 shares valued at approximately $1.65 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $441. Several firms recently raised their targets to $440–$450.
• Analog Devices reported quarterly earnings and revenue above expectations, with EPS of $3.09 and revenue of $3.62 billion, up 37.2% year over year. The company also declared a quarterly dividend of $1.10 per share.

Salvus Wealth Management LLC lessened its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 69.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,153 shares of the semiconductor company's stock after selling 9,440 shares during the quarter. Salvus Wealth Management LLC's holdings in Analog Devices were worth $1,649,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BFI Infinity Ltd. grew its holdings in shares of Analog Devices by 3.7% during the 2nd quarter. BFI Infinity Ltd. now owns 11,678 shares of the semiconductor company's stock valued at $4,638,000 after acquiring an additional 417 shares in the last quarter. Fulcrum Equity Management acquired a new stake in Analog Devices during the second quarter valued at $207,000. Community Financial Services Group LLC increased its position in Analog Devices by 98.2% in the 2nd quarter. Community Financial Services Group LLC now owns 22,059 shares of the semiconductor company's stock worth $8,581,000 after purchasing an additional 10,932 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Analog Devices by 74.8% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,437 shares of the semiconductor company's stock worth $571,000 after purchasing an additional 615 shares in the last quarter. Finally, Harrell Investment Partners LLC lifted its holdings in shares of Analog Devices by 5.4% during the 2nd quarter. Harrell Investment Partners LLC now owns 32,755 shares of the semiconductor company's stock valued at $13,009,000 after buying an additional 1,692 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADI shares. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Barclays increased their price target on shares of Analog Devices from $430.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Needham & Company LLC lifted their price objective on shares of Analog Devices from $400.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Robert W. Baird increased their target price on shares of Analog Devices from $365.00 to $450.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Finally, Oppenheimer increased their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $441.00.

Analog Devices Stock Down 1.5%

ADI stock opened at $383.92 on Tuesday. The stock has a market capitalization of $187.00 billion, a price-to-earnings ratio of 57.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company has a 50-day moving average of $394.22 and a two-hundred day moving average of $367.04. Analog Devices, Inc. has a 52-week low of $223.44 and a 52-week high of $445.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The firm's revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given 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, June 2nd. Analog Devices's payout ratio is currently 65.38%.

Insiders Place Their Bets

In other news, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the sale, the director directly owned 11,019 shares of the company's stock, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at $57,096,149.94. This trade represents a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 105,274 shares of company stock valued at $42,247,986 in the last three months. 0.36% of the stock is owned by corporate insiders.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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