Analog Devices, Inc. $ADI Stock Sold by Annex Advisory Services LLC

Annex Advisory Services LLC trimmed its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,070 shares of the semiconductor company's stock after selling 35,710 shares during the quarter. Analog Devices accounts for approximately 1.3% of Annex Advisory Services LLC's portfolio, making the stock its 19th largest holding. Annex Advisory Services LLC's holdings in Analog Devices were worth $79,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Analog Devices during the 2nd quarter worth approximately $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $3,573,081,000. Legal & General Group Plc acquired a new stake in shares of Analog Devices during the second quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp acquired a new stake in shares of Analog Devices during the second quarter worth approximately $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. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ADI. KeyCorp increased their price target on shares of Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Morgan Stanley lifted their price target on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Evercore lowered their price objective on Analog Devices from $474.00 to $462.00 and set an "outperform" rating for the company in a report on Thursday, August 20th. Needham & Company LLC boosted their price objective on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Finally, Arete Research upped their price objective on Analog Devices from $487.00 to $490.00 and gave the company a "buy" rating in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $460.09.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares of the company's stock, valued at approximately $45,830,692.40. This represents a 7.97% decrease in their position. The sale 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, CFO Richard C. Puccio, Jr. sold 1,500 shares of the firm's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $421.08, for a total transaction of $631,620.00. Following the transaction, the chief financial officer owned 49,677 shares of the company's stock, valued at approximately $20,917,991.16. This trade represents a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 50,936 shares of company stock valued at $19,430,764. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Down 2.1%

Analog Devices stock opened at $395.44 on Friday. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The stock has a market cap of $191.62 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.24 and a beta of 1.22. The company's 50-day moving average price is $382.76 and its two-hundred day moving average price is $386.52. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The business 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 business's revenue was up 39.2% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts expect that Analog Devices, Inc. will post 12.99 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Analog Devices 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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