Analog Devices, Inc. $ADI Stock: Western Financial Corp CA Lowers Holdings

Key Points

• Western Financial Corp CA cut its Analog Devices stake by 76.3% in the third quarter, leaving it with 2,253 shares valued at approximately $894,000. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analysts remain broadly optimistic, with 29 Buy ratings, one Strong Buy, and three Holds; the consensus rating is “Moderate Buy” with a $460.09 price target.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, beating estimates and representing 39.2% year-over-year revenue growth. The company also maintains a quarterly dividend of $1.10, or $4.40 annually.

Western Financial Corp CA reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 76.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,253 shares of the semiconductor company's stock after selling 7,241 shares during the quarter. Western Financial Corp CA's holdings in Analog Devices were worth $894,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. IPG Investment Advisors LLC acquired a new stake in shares of Analog Devices in the second quarter valued at approximately $1,922,000. Patriot Financial Group Insurance Agency LLC raised its stake in Analog Devices by 108.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after acquiring an additional 10,648 shares during the period. Lazard Asset Management LLC raised its stake in Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company's stock valued at $543,656,000 after acquiring an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Analog Devices during the 2nd quarter valued at $500,414,000. Finally, Ieq Capital LLC acquired a new stake in Analog Devices during the 2nd quarter valued at $19,643,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In related news, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 14,849 shares of the company's stock, valued at $6,162,631.98. This represents a 7.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard C. Puccio, Jr. sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $421.08, for a total transaction of $631,620.00. Following the completion of the sale, the chief financial officer owned 49,677 shares in the company, valued at $20,917,991.16. This 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. Insiders have sold a total of 50,936 shares of company stock worth $19,430,764 in the last three months. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ADI. The Goldman Sachs Group reiterated a "buy" rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Seaport Research Partners raised shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a research report on Thursday, August 20th. Robert W. Baird raised their target price on shares of Analog Devices from $450.00 to $675.00 and gave the stock an "outperform" rating in a research note on Monday, August 24th. Morgan Stanley raised their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Finally, TD Cowen reaffirmed a "buy" rating and set a $460.00 target price (up from $450.00) on shares of Analog Devices in a report on Tuesday, September 8th. 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 company's stock. According to data from MarketBeat, Analog Devices has an average rating of "Moderate Buy" and a consensus price target of $460.09.

Analog Devices Stock Performance

NASDAQ:ADI traded down $11.13 during mid-day trading on Wednesday, hitting $403.57. 5,011,664 shares of the stock were exchanged, compared to its average volume of 4,030,830. The firm's 50-day simple moving average is $382.11 and its 200 day simple moving average is $385.78. The stock has a market capitalization of $195.56 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the firm posted $2.05 EPS. The company's revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

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