Analog Devices, Inc. $ADI Shares Sold by Bath Savings Trust Co

Key Points

• Bath Savings Trust Co reduced its stake in Analog Devices, Inc. by 9.7%, selling 1,377 shares and now holds shares worth approximately $3,045,000.
• Analysts have raised their price targets on Analog Devices, with KeyCorp and Benchmark increasing their targets to $310.00 and $285.00 respectively, reflecting positive outlooks for the stock.
• Analog Devices reported better-than-expected quarterly earnings of $2.05 EPS and $2.88 billion in revenue, exceeding analyst estimates and showing a 24.6% year-over-year increase.

Bath Savings Trust Co lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,794 shares of the semiconductor company's stock after selling 1,377 shares during the quarter. Bath Savings Trust Co's holdings in Analog Devices were worth $3,045,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ADI. Price T Rowe Associates Inc. MD lifted its position in shares of Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after buying an additional 2,407,460 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after buying an additional 2,203,062 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Analog Devices during the 1st quarter worth approximately $351,943,000. Amundi raised its position in Analog Devices by 29.2% in the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after purchasing an additional 880,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Analog Devices by 25.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director directly owned 155,071 shares of the company's stock, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the sale, the chief executive officer directly owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,240 shares of company stock valued at $10,300,738 in the last quarter. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADI. KeyCorp upped their price target on shares of Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Piper Sandler upped their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Citigroup reiterated a "buy" rating and issued a $290.00 price target (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Thursday, August 21st. Finally, Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded down $3.72 on Friday, reaching $245.33. 5,182,569 shares of the company were exchanged, compared to its average volume of 2,970,356. 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 firm has a market cap of $120.69 billion, a price-to-earnings ratio of 62.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company has a 50-day moving average of $239.18 and a 200-day moving average of $221.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the company posted $1.58 EPS. The business's revenue for the quarter 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 analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices's dividend payout ratio is presently 101.02%.

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.