Ethic Inc. Sells 4,018 Shares of Analog Devices, Inc. $ADI

Key Points

• Ethic Inc. reduced its stake in Analog Devices, Inc. (ADI) by 10.6%, selling 4,018 shares during the 1st quarter, and ending up with 33,997 shares valued at approximately $6.77 million.
• Several institutional investors such as Brighton Jones LLC and Alpha DNA Investment Management LLC have increased their holdings in Analog Devices, while hedge funds collectively own 86.81% of the company's stock.
• Analog Devices recently reported an EPS of $1.85, surpassing estimates, along with a declared quarterly dividend of $0.99, reflecting a dividend yield of 1.7% and a payout ratio of 107.90%.

Ethic Inc. decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,997 shares of the semiconductor company's stock after selling 4,018 shares during the quarter. Ethic Inc.'s holdings in Analog Devices were worth $6,772,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Analog Devices during the fourth quarter worth about $27,000. Menard Financial Group LLC acquired a new position in Analog Devices during the fourth quarter worth about $27,000. Alpine Bank Wealth Management acquired a new position in Analog Devices during the first quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new position in Analog Devices during the first quarter worth about $33,000. Finally, North Capital Inc. acquired a new position in Analog Devices during the first quarter worth about $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Trading Up 1.4%

Shares of Analog Devices stock traded up $3.5070 on Thursday, reaching $248.3770. 2,243,927 shares of the company's stock were exchanged, compared to its average volume of 3,953,138. The company has a market capitalization of $123.26 billion, a P/E ratio of 67.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $249.58. The firm's 50-day moving average is $233.96 and its two-hundred day moving average is $216.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%.The company's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 EPS. 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 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's dividend payout ratio is currently 107.90%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ADI shares. Raymond James Financial raised Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Piper Sandler upped their price objective on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research note on Thursday. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. UBS Group lowered their price objective on Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. upped their price objective on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $267.39.

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.