Analog Devices, Inc. $ADI Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. cut its Analog Devices stake by 74.9% in the third quarter, selling 3,067 shares and retaining 1,030 shares valued at approximately $409,000. Institutional investors still own 86.81% of the company.
• Analog Devices shares fell 2.3% to $405.11, while the company reported quarterly revenue of $4.02 billion and earnings of $3.45 per share, both exceeding analyst expectations. Revenue increased 39.2% year over year.
• Wall Street remains broadly positive, with the stock holding a “Moderate Buy” consensus rating and an average price target of $460.09; the company also pays a quarterly dividend of $1.10 per share, yielding about 1.1%.

Thurston Springer Miller Herd & Titak Inc. decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 74.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,030 shares of the semiconductor company's stock after selling 3,067 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Analog Devices were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE increased its stake in shares of Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock worth $3,250,341,000 after buying an additional 501,604 shares during the period. Van ECK Associates Corp increased its stake in shares of Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock worth $3,345,316,000 after buying an additional 1,670,957 shares during the period. Amundi increased its stake in shares of Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock worth $1,604,771,000 after buying an additional 254,632 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Analog Devices in the second quarter valued at approximately $1,525,167,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Down 2.3%

Shares of NASDAQ:ADI traded down $9.59 during trading on Wednesday, hitting $405.11. 1,167,349 shares of the company were exchanged, compared to its average volume of 4,010,522. The stock has a market capitalization of $196.31 billion, a P/E ratio of 48.12, a PEG ratio of 1.25 and a beta of 1.22. 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, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The firm's 50 day moving average price is $381.59 and its 200-day moving average price is $385.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 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 period last year, the firm posted $2.05 EPS. The company's revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued 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 dividend yield of 1.1%. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

Insiders Place Their Bets

In other news, CFO Richard Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 business'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 $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. 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.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ADI shares. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Wells Fargo & Company lowered their price target on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Thursday, August 20th. Weiss Ratings raised shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Cantor Fitzgerald reissued an "overweight" rating and issued a $510.00 price objective (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Finally, Morgan Stanley raised their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $460.09.

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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