Chemung Canal Trust Co. Has $3.24 Million Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Chemung Canal Trust Co. increased its holdings in Analog Devices, Inc. by 207.8% in Q2, owning shares worth approximately $3.24 million after purchasing an additional 9,191 shares.
• Insider sales included Ray Stata, who sold 3,125 shares for around $771,625, reducing his position by 1.98%.
• Analysts have set a consensus price target of $275.29 for Analog Devices, with most analysts issuing "buy" ratings.

Chemung Canal Trust Co. grew its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 207.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,615 shares of the semiconductor company's stock after purchasing an additional 9,191 shares during the period. Chemung Canal Trust Co.'s holdings in Analog Devices were worth $3,241,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in Analog Devices by 6,350.0% in 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 period. Alpine Bank Wealth Management acquired a new stake in Analog Devices in the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new stake in Analog Devices in the first quarter worth $33,000. North Capital Inc. bought a new stake in shares of Analog Devices during the first quarter worth $36,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Analog Devices by 209.8% during the first quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 128 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of Analog Devices 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 completion of the transaction, the director owned 155,071 shares of the company's stock, valued at $38,290,131.32. This trade represents a 1.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,240 shares of company stock worth $12,737,838. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

ADI has been the subject of several research reports. Cantor Fitzgerald increased their price objective on shares of Analog Devices from $270.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Zacks Research raised shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Benchmark increased their price objective on shares of Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group initiated coverage on shares of Analog Devices in a research report on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $275.29.

Analog Devices Stock Up 0.1%

Analog Devices stock opened at $241.99 on Friday. The company has a market cap of $119.05 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The company has a fifty day simple moving average of $240.89 and a 200 day simple moving average of $223.30. 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, beating analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. 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 Announces Dividend

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