Ascent Group LLC Sells 16,767 Shares of Analog Devices, Inc. $ADI

Key Points

• Ascent Group LLC has significantly reduced its holdings in Analog Devices, Inc. by 78.7%, selling 16,767 shares during the second quarter, leaving them with 4,547 shares valued at approximately $1,082,000.
• Despite reduced stakes from some investors, several hedge funds have recently increased their holdings in Analog Devices, with institutional investors now owning 86.81% of the company.
• Analog Devices reported a earnings per share (EPS) of $2.05 for the last quarter, exceeding analysts' expectations, and the company plans a quarterly dividend of $0.99 per share, yielding around 1.6%.

Ascent Group LLC lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 78.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,547 shares of the semiconductor company's stock after selling 16,767 shares during the quarter. Ascent Group LLC's holdings in Analog Devices were worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Activest Wealth Management raised its holdings in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after buying an additional 127 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices in the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices during the 1st quarter worth about $33,000. North Capital Inc. acquired a new stake in shares of Analog Devices during the 1st quarter worth about $36,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Analog Devices by 209.8% during the 1st quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ADI. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. UBS Group decreased their price objective on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Barclays boosted their target price on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Finally, Zacks Research raised shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $275.29.

Analog Devices Stock Up 0.1%

NASDAQ:ADI opened at $241.99 on Monday. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The stock's fifty day simple moving average is $240.89 and its 200-day simple moving average is $223.42. The firm has a market capitalization of $119.05 billion, a P/E ratio of 61.73, a P/E/G ratio of 2.04 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm's revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts expect that Analog Devices, Inc. will post 7.14 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 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's payout ratio is currently 101.02%.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the sale, the director owned 155,071 shares in the company, valued at $38,290,131.32. This represents a 1.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the transaction, the chief executive officer owned 140,118 shares in the company, valued at approximately $34,148,157.78. This represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,240 shares of company stock worth $12,737,838 over the last three months. Company insiders own 0.33% of the company's stock.

Analog Devices Company 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.

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