Comerica Bank Sells 5,237 Shares of Analog Devices, Inc. $ADI

Key Points

• Comerica Bank reduced its holdings in Analog Devices, Inc. (ADI) by 3.5%, selling 5,237 shares, leaving them with 142,681 shares valued at approximately $28.8 million.
• Analog Devices reported earnings of $2.05 per share for the quarter, surpassing analysts' expectations and showing a 24.6% year-over-year revenue increase, totaling $2.88 billion.
• The company declared a quarterly dividend of $0.99 per share, set to be paid on September 16th, representing an annualized yield of 1.6% with a payout ratio of 101.02%.

Comerica Bank trimmed its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,681 shares of the semiconductor company's stock after selling 5,237 shares during the quarter. Comerica Bank's holdings in Analog Devices were worth $28,774,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ADI. Orion Capital Management LLC purchased a new position in shares of Analog Devices during the fourth quarter valued at approximately $27,000. Menard Financial Group LLC bought a new position in Analog Devices in the fourth quarter worth approximately $27,000. Alpine Bank Wealth Management bought a new position in Analog Devices in the first quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new position in Analog Devices in the first quarter worth approximately $33,000. Finally, North Capital Inc. acquired a new position in shares of Analog Devices during the first quarter worth $36,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Price Performance

Analog Devices stock opened at $252.20 on Monday. The stock has a market cap of $124.07 billion, a P/E ratio of 64.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The company has a fifty day simple moving average of $234.80 and a 200-day simple moving average of $217.47. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $257.22. 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, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the company earned $1.58 EPS. The company's revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's payout ratio is 101.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Williams Trading set a $260.00 price target on shares of Analog Devices in a report on Friday, May 23rd. Cfra Research lowered shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. Cantor Fitzgerald raised shares of Analog Devices from a "neutral" rating to an "overweight" rating and raised their price target for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Finally, Piper Sandler raised their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at approximately $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.33% of the company's stock.

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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