Benjamin Edwards Inc. Sells 9,121 Shares of Analog Devices, Inc. $ADI

Key Points

• Benjamin Edwards Inc. reduced its Analog Devices position by 10.1%, selling 9,121 shares and retaining 80,749 shares valued at approximately $32.1 million. Institutional investors collectively own 86.81% of the company.
• Analog Devices reported strong quarterly results, with EPS of $3.45 and revenue of $4.02 billion, exceeding estimates; revenue increased 39.2% year over year. Shares opened at $361.78, down 3.4%, while the company’s market capitalization stood at about $175.3 billion.
• The company declared a quarterly dividend of $1.10, equivalent to an annualized yield of 1.2%. Analysts maintain a consensus “Buy” rating with an average price target of $454.63, despite recent insider sales under pre-arranged trading plans.

Benjamin Edwards Inc. trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 10.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,749 shares of the semiconductor company's stock after selling 9,121 shares during the quarter. Benjamin Edwards Inc.'s holdings in Analog Devices were worth $32,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Riverbend Wealth Management LLC boosted its stake in shares of Analog Devices by 2.2% in the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock worth $396,000 after buying an additional 27 shares during the last quarter. Bridgewater Advisors Inc. increased its position in shares of Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after purchasing an additional 27 shares during the last quarter. Silicon Valley Capital Partners raised its stake in shares of Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock worth $214,000 after purchasing an additional 27 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock worth $90,000 after buying an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its holdings in shares of Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company's stock worth $182,000 after buying an additional 32 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Insiders Place Their Bets

In related news, Director Karen Golz sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the sale, the director owned 114,511 shares of the company's stock, valued at approximately $43,213,016.07. The trade was a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 48,957 shares of company stock worth $19,268,931. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Down 3.4%

Shares of NASDAQ ADI opened at $361.78 on Friday. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The business has a 50-day simple moving average of $382.77 and a two-hundred day simple moving average of $372.95. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market cap of $175.31 billion, a P/E ratio of 42.92, a P/E/G ratio of 0.74 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the firm earned $2.05 EPS. The business's quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's dividend payout ratio is currently 52.19%.

Analyst Ratings Changes

ADI has been the subject of a number of research reports. TD Cowen reissued a "buy" rating and set a $460.00 target price on shares of Analog Devices in a research report on Thursday, August 20th. Fundamental Research set a $550.00 price objective on Analog Devices in a research note on Monday, June 29th. Seaport Research Partners raised Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective for the company in a report on Thursday, August 20th. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Sunday, May 24th. Finally, Morgan Stanley boosted their target price on Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $454.63.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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