Campbell Newman Asset Management Inc. Trims Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Campbell Newman Asset Management Inc. reduced its stake in Analog Devices, Inc. by 2.8%, now holding 125,396 shares valued at approximately $29.85 million.
• Insider selling activity included CEO Vincent Roche and SVP Martin Cotter, who collectively sold 32,500 shares recently, marking significant reductions in their ownership.
• Analog Devices reported $2.05 EPS for the latest quarter, exceeding estimates, with a 24.6% year-over-year revenue increase to $2.88 billion.

Campbell Newman Asset Management Inc. reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,396 shares of the semiconductor company's stock after selling 3,559 shares during the period. Analog Devices accounts for 2.4% of Campbell Newman Asset Management Inc.'s portfolio, making the stock its 20th biggest holding. Campbell Newman Asset Management Inc.'s holdings in Analog Devices were worth $29,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after buying an additional 127 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the 1st quarter worth $27,000. N.E.W. Advisory Services LLC bought a new stake in Analog Devices during the first quarter valued at about $33,000. North Capital Inc. purchased a new position in shares of Analog Devices in the first quarter valued at about $36,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Analog Devices by 209.8% in the first quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 128 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president owned 63,048 shares of the company's stock, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the transaction, the chief executive officer owned 23,515 shares of the company's stock, valued at $5,979,629.35. This trade represents a 45.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,240 shares of company stock worth $10,300,738 over the last 90 days. Insiders own 0.33% of the company's stock.

Analog Devices Trading Down 1.1%

Shares of NASDAQ ADI opened at $244.79 on Tuesday. 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 business's 50 day moving average is $239.88 and its two-hundred day moving average is $222.50. The stock has a market capitalization of $120.42 billion, a P/E ratio of 62.45, a PEG ratio of 2.09 and a beta of 1.08.

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

Analog Devices Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on ADI. Citigroup reissued a "buy" rating and set a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Cantor Fitzgerald raised shares of Analog Devices from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $250.00 to $270.00 in a report on Wednesday, June 18th. UBS Group reduced their price objective on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $273.53.

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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