Citizens & Northern Corp Sells 2,931 Shares of Analog Devices, Inc. $ADI

Key Points

• Citizens & Northern Corp decreased its stake in Analog Devices, Inc. by 29.4%, selling 2,931 shares and retaining 7,039 shares valued at approximately $1,675,000.
• Several hedge funds increased their positions in Analog Devices, with D.A. Davidson & CO. raising its stake by 27.1%, now owning 9,162 shares worth $2,181,000.
• Analog Devices recently announced a quarterly dividend of $0.99 per share, representing an annualized payout of $3.96 and a dividend yield of 1.6%.

Citizens & Northern Corp decreased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 29.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,039 shares of the semiconductor company's stock after selling 2,931 shares during the period. Citizens & Northern Corp's holdings in Analog Devices were worth $1,675,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. D.A. Davidson & CO. increased its position in Analog Devices by 27.1% in the 2nd quarter. D.A. Davidson & CO. now owns 9,162 shares of the semiconductor company's stock worth $2,181,000 after buying an additional 1,951 shares during the period. Cullen Frost Bankers Inc. grew its position in Analog Devices by 4.7% during the second quarter. Cullen Frost Bankers Inc. now owns 84,401 shares of the semiconductor company's stock worth $20,089,000 after buying an additional 3,810 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in Analog Devices by 1.0% during the second quarter. Legacy Wealth Asset Management LLC now owns 8,442 shares of the semiconductor company's stock valued at $2,009,000 after acquiring an additional 86 shares during the period. Klingman & Associates LLC acquired a new position in Analog Devices in the 2nd quarter valued at approximately $293,000. Finally, Journey Advisory Group LLC acquired a new position in Analog Devices in the 2nd quarter valued at approximately $234,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Seaport Res Ptn upgraded Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Analog Devices in a research note on Wednesday, October 8th. Barclays lifted their price objective on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Finally, Zacks Research raised Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two research 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $275.29.

Insider Buying and Selling at Analog Devices

In related news, SVP Martin Cotter sold 12,500 shares of the business's 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 completion of the sale, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. The trade was a 16.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,115 shares of company stock worth $12,232,985 in the last 90 days. Company insiders own 0.33% of the company's stock.

Analog Devices Trading Up 0.1%

NASDAQ ADI opened at $246.37 on Wednesday. The stock has a 50 day moving average of $244.03 and a 200-day moving average of $226.49. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a market cap of $121.20 billion, a PE ratio of 62.85, a PEG ratio of 2.07 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 quarterly earnings data 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 firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's dividend payout ratio 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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