Boston Trust Walden Corp Sells 124,701 Shares of Analog Devices, Inc. $ADI

Key Points

• Boston Trust Walden Corp has reduced its stake in Analog Devices, Inc. by 44.8%, selling 124,701 shares and bringing its total ownership to 153,720 shares worth approximately $36.59 million.
• Several institutional investors have increased their holdings, with Activest Wealth Management raising its position by an astonishing 6,350% to own 129 shares after acquiring additional shares.
• Analysts are optimistic about Analog Devices, with upgrades to price targets from firms like KeyCorp and Stifel Nicolaus, indicating a general consensus rating of "Moderate Buy" with a price target averaging $275.29.

Boston Trust Walden Corp cut its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 44.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,720 shares of the semiconductor company's stock after selling 124,701 shares during the quarter. Boston Trust Walden Corp's holdings in Analog Devices were worth $36,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its position in shares of Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of Analog Devices during the second quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in shares of Analog Devices during the first quarter worth $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Analog Devices during the first quarter worth $33,000. Finally, North Capital Inc. bought a new stake in shares of Analog Devices during the first quarter worth $36,000. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADI has been the subject of several research analyst reports. KeyCorp lifted their target price on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Stifel Nicolaus raised their price target on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Benchmark raised their price target on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Cantor Fitzgerald raised their price target on Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. Finally, Wells Fargo & Company raised their price target on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $275.29.

Insider Buying and Selling at Analog Devices

In other news, Director Edward H. Frank sold 1,000 shares of the business's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the sale, the director owned 5,118 shares in the company, valued at approximately $1,242,343.32. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the business's stock in a transaction dated 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 owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,115 shares of company stock valued at $12,232,985. Insiders own 0.33% of the company's stock.

Analog Devices Price Performance

ADI opened at $235.40 on Wednesday. The business's 50-day moving average is $242.20 and its two-hundred day moving average is $224.62. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The firm has a market capitalization of $115.81 billion, a PE ratio of 60.05, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted 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. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm's quarterly revenue 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 anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid 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 dividend yield of 1.7%. Analog Devices's 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.

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