Analog Devices, Inc. $ADI Stock Sold by Sigma Planning Corp

Key Points

• Sigma Planning Corp. cut its Analog Devices stake by 62.7% in the third quarter, selling 3,668 shares and retaining 2,180 shares valued at approximately $859,000.
• Institutional investors own 86.81% of ADI, while company insiders have sold 52,436 shares worth about $20 million over the past 90 days.
• Analog Devices reported better-than-expected quarterly results, with $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $460.55.

Sigma Planning Corp lowered its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 62.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,180 shares of the semiconductor company's stock after selling 3,668 shares during the period. Sigma Planning Corp's holdings in Analog Devices were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. BlackRock Inc. bought a new position in shares of Analog Devices during the second quarter valued at $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices in the 2nd quarter worth about $3,573,081,000. Legal & General Group Plc purchased a new position in shares of Analog Devices in the 2nd quarter worth about $1,525,167,000. Bank of New York Mellon Corp bought a new position in Analog Devices in the 2nd quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA purchased a new stake in Analog Devices during the 2nd quarter valued at about $1,242,479,000. Institutional investors own 86.81% of the company's stock.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction 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 in the company, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider directly owned 14,849 shares in the company, valued at $6,162,631.98. The trade was a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,436 shares of company stock worth $20,014,954 in the last 90 days. Insiders own 0.36% of the company's stock.

Analog Devices Price Performance

ADI opened at $417.11 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a market capitalization of $202.12 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.33 and a beta of 1.22. The company's 50-day simple moving average is $388.54 and its two-hundred day simple moving average is $371.13. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm posted $2.05 EPS. The business's quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices's payout ratio is 52.19%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADI shares. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 25th. Needham & Company LLC increased their price target on shares of Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Morgan Stanley raised their price target on shares of Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, September 8th. Finally, BMO Capital Markets started coverage on shares of Analog Devices in a report on Thursday, August 20th. They issued an "outperform" rating and a $430.00 price objective for the company. One research 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 company's stock. According to data from MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $460.55.

Analog Devices Company 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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