Bar Harbor Wealth Management Has $1.92 Million Stock Position in Analog Devices, Inc. $ADI

Key Points

• Bar Harbor Wealth Management increased its stake in Analog Devices, Inc. by 348.5% during the second quarter, owning 8,055 shares worth approximately $1.92 million.
• Analog Devices reported $2.05 earnings per share in its last quarterly earnings, surpassing estimates and showing a 24.6% increase in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.99 per share, representing an annualized yield of 1.7% with a payout ratio of 101.02%.

Bar Harbor Wealth Management boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 348.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,055 shares of the semiconductor company's stock after buying an additional 6,259 shares during the period. Bar Harbor Wealth Management's holdings in Analog Devices were worth $1,917,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Baader Bank Aktiengesellschaft increased its stake in Analog Devices by 3.9% in the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company's stock valued at $270,000 after purchasing an additional 43 shares in the last quarter. Bennett Associates Wealth Management increased its stake in Analog Devices by 2.9% in the second quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company's stock valued at $387,000 after purchasing an additional 46 shares in the last quarter. EFG Asset Management North America Corp. increased its stake in Analog Devices by 0.3% in the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock valued at $2,866,000 after purchasing an additional 47 shares in the last quarter. Plimoth Trust Co. LLC increased its stake in Analog Devices by 1.8% in the second quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company's stock valued at $624,000 after purchasing an additional 47 shares in the last quarter. Finally, Regatta Capital Group LLC increased its stake in Analog Devices by 4.5% in the second quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company's stock valued at $268,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Up 1.8%

Analog Devices stock opened at $237.93 on Thursday. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The stock has a market cap of $117.05 billion, a PE ratio of 60.70, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. The firm's 50-day simple moving average is $241.32 and its 200 day simple moving average is $223.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32.

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

Analog Devices Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.7%. Analog Devices's payout ratio is 101.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Benchmark lifted their price objective on shares of Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Evercore ISI lifted their price objective on shares of Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Cantor Fitzgerald lifted their price objective on shares of Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $275.29.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the transaction, the director directly owned 5,118 shares in the company, valued at $1,242,343.32. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,240 shares of company stock valued at $12,980,578 in the last quarter. 0.33% of the stock is owned by company insiders.

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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