Harfst & Associates Inc. Sells 6,809 Shares of Analog Devices, Inc. $ADI

Key Points

• Harfst & Associates Inc. has reduced its position in Analog Devices, Inc. by 55.2%, now holding 5,528 shares valued at approximately $1.115 million as of their latest SEC filing.
• Notable institutional activity includes a 284.4% increase in holdings by China Universal Asset Management, while other firms like Keybank National Association OH and Eastern Bank also increased their stakes in the company.
• Analog Devices reported earnings of $1.85 per share for the last quarter, surpassing analysts' expectations, and has declared a quarterly dividend of $0.99 with a yield of 1.7%.

Harfst & Associates Inc. cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 55.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,528 shares of the semiconductor company's stock after selling 6,809 shares during the period. Harfst & Associates Inc.'s holdings in Analog Devices were worth $1,115,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Orion Capital Management LLC bought a new position in shares of Analog Devices during the fourth quarter worth approximately $27,000. Menard Financial Group LLC bought a new position in shares of Analog Devices during the fourth quarter worth approximately $27,000. Alpine Bank Wealth Management bought a new position in shares of Analog Devices during the first quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Analog Devices during the first quarter worth approximately $33,000. Finally, North Capital Inc. bought a new position in shares of Analog Devices during the first quarter worth approximately $36,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADI. KeyCorp increased their target price on Analog Devices from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Noble Financial upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. KGI Securities assumed coverage on Analog Devices in a research note on Friday, May 23rd. They set a "buy" rating on the stock. The Goldman Sachs Group assumed coverage on Analog Devices in a research note on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.89.

Analog Devices Price Performance

Shares of ADI stock traded down $0.2050 during trading hours on Tuesday, reaching $231.3450. The company's stock had a trading volume of 1,200,819 shares, compared to its average volume of 3,913,790. The firm's 50 day simple moving average is $233.77 and its 200-day simple moving average is $216.45. The company has a market capitalization of $114.80 billion, a price-to-earnings ratio of 63.04, a PEG ratio of 2.13 and a beta of 1.05. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.73. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%.The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.40 EPS. The company's revenue was up 22.3% compared to the same quarter last year. Analog Devices has set its Q3 2025 guidance at 1.820-2.020 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.