Baldwin Wealth Partners LLC MA Has $16.51 Million Holdings in Analog Devices, Inc. $ADI

Key Points

• Baldwin Wealth Partners LLC reduced its holdings in Analog Devices, Inc. by 17.1% in Q2, owning 69,382 shares worth approximately $16.51 million, making it the firm's 25th largest position.
• Analog Devices reported Q3 earnings of $2.05 EPS, exceeding estimates and reflecting a 24.6% year-over-year revenue increase to $2.88 billion.
• The company recently declared a quarterly dividend of $0.99, which was paid on September 16, 2023, resulting in an annualized dividend yield of 1.7%.

Baldwin Wealth Partners LLC MA lessened its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 17.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 69,382 shares of the semiconductor company's stock after selling 14,347 shares during the period. Analog Devices makes up about 1.1% of Baldwin Wealth Partners LLC MA's holdings, making the stock its 25th largest position. Baldwin Wealth Partners LLC MA's holdings in Analog Devices were worth $16,514,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Callan Family Office LLC boosted its position in shares of Analog Devices by 75.7% during the second quarter. Callan Family Office LLC now owns 10,558 shares of the semiconductor company's stock valued at $2,513,000 after buying an additional 4,548 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Analog Devices by 1.1% during the second quarter. Blair William & Co. IL now owns 40,064 shares of the semiconductor company's stock valued at $9,536,000 after buying an additional 454 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Analog Devices by 4.1% during the second quarter. Maryland State Retirement & Pension System now owns 24,114 shares of the semiconductor company's stock valued at $5,740,000 after buying an additional 943 shares during the last quarter. Optas LLC boosted its position in shares of Analog Devices by 25.4% during the second quarter. Optas LLC now owns 1,703 shares of the semiconductor company's stock valued at $405,000 after buying an additional 345 shares during the last quarter. Finally, Dempze Nancy E boosted its position in shares of Analog Devices by 0.8% during the second quarter. Dempze Nancy E now owns 23,363 shares of the semiconductor company's stock valued at $5,561,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Down 0.0%

ADI stock opened at $237.88 on Friday. The stock's fifty day simple moving average is $241.59 and its two-hundred day simple moving average is $224.03. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The stock has a market cap of $117.03 billion, a P/E ratio of 60.68, a P/E/G ratio of 2.00 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business's revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. Analog Devices's payout ratio is presently 101.02%.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of the business'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 approximately $38,290,131.32. The trade was a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,240 shares of company stock valued at $12,980,578. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on ADI shares. The Goldman Sachs Group started coverage on Analog Devices in a research report on Thursday, July 10th. They set a "buy" rating and a $285.00 target price on the stock. Cantor Fitzgerald lifted their target price on Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th. UBS Group cut their target price on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Noble Financial raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Finally, Barclays lifted their target price on Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and an average target price of $275.29.

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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