Analog Devices, Inc. $ADI Stock Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings reduced its Analog Devices position by 21.4% in the third quarter, selling 22,544 shares and retaining 82,949 shares worth approximately $32.9 million. Despite this sale, institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices reported stronger-than-expected quarterly results, with earnings of $3.45 per share and revenue of $4.02 billion, up 39.2% year over year. The company also pays a quarterly dividend of $1.10 per share, representing a 1.1% annualized yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $460.55 versus the stock’s reported $405.96 price. However, company insiders have sold shares recently, including transactions by the CEO and CFO conducted under pre-arranged Rule 10b5-1 plans.

Crossmark Global Holdings Inc. lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 21.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,949 shares of the semiconductor company's stock after selling 22,544 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Analog Devices were worth $32,907,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Axecap Investments LLC lifted its position in Analog Devices by 9.1% during the 3rd quarter. Axecap Investments LLC now owns 12,271 shares of the semiconductor company's stock valued at $4,868,000 after purchasing an additional 1,022 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Analog Devices by 5.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 13,828 shares of the semiconductor company's stock valued at $5,734,000 after purchasing an additional 717 shares during the last quarter. Integrated Advisors Network LLC grew its position in shares of Analog Devices by 18.6% during the 3rd quarter. Integrated Advisors Network LLC now owns 8,930 shares of the semiconductor company's stock worth $3,543,000 after buying an additional 1,400 shares during the period. Harfst & Associates Inc. grew its position in shares of Analog Devices by 0.7% during the 3rd quarter. Harfst & Associates Inc. now owns 5,646 shares of the semiconductor company's stock worth $2,240,000 after buying an additional 40 shares during the period. Finally, Diversify Advisory Services LLC grew its position in shares of Analog Devices by 32.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 8,660 shares of the semiconductor company's stock worth $3,498,000 after buying an additional 2,131 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of ADI opened at $405.96 on Thursday. 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, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The stock has a market cap of $196.72 billion, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. The stock's 50-day moving average price is $383.63 and its two-hundred day moving average price is $388.80.

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 the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

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

Insider Buying and Selling

In related news, CFO Richard Puccio, Jr. sold 2,683 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The sale 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 company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction 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 $45,830,692.40. The trade was 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. Insiders have sold 52,436 shares of company stock valued at $20,014,954 in the last 90 days. 0.36% of the stock is owned by insiders.

Key Headlines Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: TD Cowen raised its price target for Analog Devices (ADI) from $460 to $475 and reiterated a “buy” rating, signaling continued confidence in the company’s earnings outlook and potential upside. Benzinga analyst price target report
• Positive Sentiment: Analog Devices disclosed that Tutanota LLC is seeking to purchase up to 100,000 ADI shares for $525 each in an unsolicited mini-tender offer. Although ADI recommended that shareholders reject the offer, the premium price drew investor attention and may reinforce perceptions that the stock is valuable. Analog Devices mini-tender offer announcement
• Neutral Sentiment: Exchange-traded funds were reported to be buying Analog Devices shares on October 19, suggesting continued institutional demand, though the report did not identify the size or strategic significance of the purchases. ETF purchases of Analog Devices
• Negative Sentiment: Chief Financial Officer Richard Puccio sold 1,500 shares valued at approximately $584,000. The transaction reduced his direct holdings by 3.02%, but it was executed under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal about management’s view of ADI’s prospects. Richard Puccio insider transaction

Analyst Ratings Changes

A number of research firms recently weighed in on ADI. Fundamental Research set a $550.00 price target on shares of Analog Devices in a research note on Monday, June 29th. Wall Street Zen cut shares of Analog Devices from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Needham & Company LLC lifted their target price on shares of Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. TD Cowen lifted their target price on shares of Analog Devices from $460.00 to $475.00 and gave the stock a "buy" rating in a report on Monday. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. One equities 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's stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $460.55.

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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