Dudley & Shanley Inc. Reduces Position in Analog Devices, Inc. $ADI

Key Points

• Dudley & Shanley cut its Analog Devices position by 29.4% in the second quarter, selling 27,921 shares and retaining 67,200 shares valued at approximately $26.7 million. ADI represents about 4% of the fund’s portfolio, while institutional investors collectively own 86.81% of the company.
• Analog Devices reported a strong quarter, with EPS of $3.09 and revenue of $3.62 billion exceeding analyst expectations; revenue increased 37.2% year over year. Management provided fiscal third-quarter EPS guidance of $3.15 to $3.45, and analysts maintain a “Moderate Buy” consensus with an average $441 price target.
• Despite optimism around AI-driven semiconductor demand, ADI’s valuation remains elevated at roughly 58 times earnings. Recent insider selling, including transactions by the CEO and other executives, may also encourage caution, although some sales were conducted under pre-arranged trading plans.

Dudley & Shanley Inc. lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 29.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 67,200 shares of the semiconductor company's stock after selling 27,921 shares during the period. Analog Devices makes up approximately 4.0% of Dudley & Shanley Inc.'s holdings, making the stock its 9th largest position. Dudley & Shanley Inc.'s holdings in Analog Devices were worth $26,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Riverbend Wealth Management LLC raised its holdings in Analog Devices by 2.2% in the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock valued at $396,000 after acquiring an additional 27 shares in the last quarter. Bridgewater Advisors Inc. raised its position in Analog Devices by 1.5% in the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock worth $574,000 after purchasing an additional 27 shares in the last quarter. Silicon Valley Capital Partners raised its holdings in shares of Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock worth $214,000 after buying an additional 27 shares in the last quarter. Sound Income Strategies LLC grew its position in Analog Devices by 12.0% in the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 30 shares during the period. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company's stock valued at $182,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Renewed optimism about artificial-intelligence demand is supporting semiconductor stocks, including analog-chip makers such as ADI. Industry sales growth and expectations for continued chip demand are providing a favorable environment for the shares. Semiconductor Sales Continue to Grow on AI Optimism
• Positive Sentiment: Wall Street’s average brokerage recommendation for Analog Devices is equivalent to a Buy. The company’s latest quarter also exceeded expectations, with earnings per share of $3.09 versus the $2.89 consensus and revenue of $3.62 billion versus $3.51 billion. Revenue rose 37.2% year over year, while fiscal third-quarter EPS guidance is $3.15 to $3.45. Analog Devices Is Considered a Good Investment by Brokers
• Neutral Sentiment: Director Ray Stata sold 1,416 ADI shares for approximately $534,000, reducing his direct ownership by 1.22%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, making it a limited signal about management’s current outlook. Analog Devices Director Insider Sale
• Negative Sentiment: CEO Vincent Roche reportedly sold 10,000 shares for $3.63 million, reducing his direct ownership by 6.78%. Although the sale was also made under a 10b5-1 plan and may reflect scheduled diversification rather than weakening confidence, sizeable insider selling could create some investor caution. Analog Devices CEO Insider Sale
• Negative Sentiment: ADI remains richly valued, trading at roughly 58 times earnings based on the provided data. That valuation leaves the stock sensitive to any slowdown in AI-related demand, weaker guidance or disappointment in future earnings growth. Analog Devices Broker Recommendations

Analog Devices Stock Performance

Shares of ADI stock opened at $389.93 on Monday. The stock has a market cap of $189.93 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The stock has a 50-day moving average of $394.59 and a 200-day moving average of $366.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. Analog Devices, Inc. has a one year low of $221.15 and a one year high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business's revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices's dividend payout ratio is 65.38%.

Analyst Ratings Changes

Several brokerages have recently commented on ADI. Sanford C. Bernstein reissued a "market perform" rating and issued a $430.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Robert W. Baird raised their price target on shares of Analog Devices from $365.00 to $450.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Wells Fargo & Company boosted their target price on Analog Devices from $470.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Wolfe Research reissued an "outperform" rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, KeyCorp boosted their price target on shares of Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $441.00.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Martin Cotter sold 17,594 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares of the company's stock, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 105,274 shares of company stock worth $42,247,986. Company insiders own 0.36% of the company's stock.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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