Empirical Financial Services LLC d.b.a. Empirical Wealth Management Reduces Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Empirical Financial Services LLC reduced its stake in Analog Devices, Inc. by 5.3%, owning 66,520 shares worth approximately $15.83 million after selling 3,717 shares during the second quarter.
• A number of institutional investors recently adjusted their positions, with Vanguard Group increasing its stake by 0.7%, while Price T Rowe Associates lifted theirs significantly by 26.7% during the first quarter.
• The company announced a quarterly dividend of $0.99 per share, reflecting a 1.6% annualized dividend yield, despite having a payout ratio currently above 100%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 66,520 shares of the semiconductor company's stock after selling 3,717 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Analog Devices were worth $15,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Analog Devices by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after acquiring an additional 359,841 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after acquiring an additional 2,407,460 shares during the period. Raymond James Financial Inc. lifted its position in Analog Devices by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company's stock worth $793,616,000 after acquiring an additional 12,666 shares during the period. Amundi lifted its position in Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after acquiring an additional 880,636 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Analog Devices by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company's stock worth $685,109,000 after acquiring an additional 63,566 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Insiders Place Their Bets

In related news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated 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 owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,240 shares of company stock worth $12,737,838 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $241.67 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The business has a 50-day moving average price of $240.61 and a 200 day moving average price of $222.98. The firm has a market cap of $118.89 billion, a PE ratio of 61.65, a P/E/G ratio of 2.02 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share 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 during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the business earned $1.58 EPS. Analog Devices'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. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm 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. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's payout ratio is currently 101.02%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADI. Benchmark lifted their price target on Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Stifel Nicolaus boosted their price objective on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $290.00 price objective (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Finally, Morgan Stanley boosted their price objective on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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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