Canopy Partners LLC Lowers Stock Position in Analog Devices, Inc. $ADI

Key Points

• Canopy Partners LLC reduced its stake in Analog Devices, Inc. by 54.9%, now holding only 1,591 shares valued at approximately $379,000.
• Several other institutional investors increased their holdings in Analog Devices, with Shell Asset Management Co. boosting its position by 91.2%, owning now 12,060 shares worth about $2,871,000.
• Analog Devices reported $2.05 EPS for the last quarter, exceeding estimates, while also announcing a quarterly dividend of $0.99 per share, yielding 1.7%.

Canopy Partners LLC lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 54.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,591 shares of the semiconductor company's stock after selling 1,938 shares during the quarter. Canopy Partners LLC's holdings in Analog Devices were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ADI. Shell Asset Management Co. boosted its position in shares of Analog Devices by 91.2% during the 2nd quarter. Shell Asset Management Co. now owns 12,060 shares of the semiconductor company's stock worth $2,871,000 after purchasing an additional 5,752 shares in the last quarter. Slow Capital Inc. boosted its position in shares of Analog Devices by 2.2% during the 2nd quarter. Slow Capital Inc. now owns 38,283 shares of the semiconductor company's stock worth $9,112,000 after purchasing an additional 835 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Analog Devices by 3.8% during the second quarter. KLP Kapitalforvaltning AS now owns 213,021 shares of the semiconductor company's stock worth $50,703,000 after buying an additional 7,700 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Analog Devices during the second quarter worth about $26,000. Finally, Bennett Associates Wealth Management boosted its holdings in Analog Devices by 2.9% during the second quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company's stock worth $387,000 after buying an additional 46 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,240 shares of company stock worth $12,980,578. Corporate insiders own 0.33% of the company's stock.

Analog Devices Stock Performance

NASDAQ ADI opened at $233.75 on Wednesday. The business's 50-day moving average price is $241.19 and its 200 day moving average price is $223.76. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company has a market capitalization of $114.99 billion, a PE ratio of 59.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. 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 (NASDAQ:ADI - Get Free Report) last released its 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. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.7%. Analog Devices's dividend payout ratio (DPR) is currently 101.02%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADI shares. Evercore ISI upped their price target 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. Cantor Fitzgerald upped their target price on Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. Benchmark upped their target price on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. The Goldman Sachs Group began coverage on Analog Devices in a research report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price objective on the stock. Finally, UBS Group reduced their price objective on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $275.29.

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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