First Citizens Bank & Trust Co. Grows Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• First Citizens Bank & Trust Co. increased its holdings in Analog Devices, Inc. by 18.8% in Q2, acquiring an additional 7,537 shares valued at over $11 million.
• A number of institutional investors, including Brighton Jones LLC, GAMMA Investing LLC, and JFS Wealth Advisors LLC, also significantly increased their stakes in Analog Devices during recent quarters.
• Analog Devices reported a strong quarterly performance, exceeding earnings expectations with $2.05 EPS and $2.88 billion in revenue, marking a 24.6% increase year-over-year.

First Citizens Bank & Trust Co. lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 18.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,558 shares of the semiconductor company's stock after purchasing an additional 7,537 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Analog Devices were worth $11,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 529 shares during the period. GAMMA Investing LLC lifted its position in Analog Devices by 26.7% in the first quarter. GAMMA Investing LLC now owns 10,967 shares of the semiconductor company's stock valued at $2,212,000 after acquiring an additional 2,314 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Analog Devices by 52.0% during the first quarter. JFS Wealth Advisors LLC now owns 558 shares of the semiconductor company's stock worth $113,000 after purchasing an additional 191 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Analog Devices by 14.8% in the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after purchasing an additional 57 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Analog Devices by 7.7% during the first quarter. Asset Management One Co. Ltd. now owns 212,272 shares of the semiconductor company's stock worth $42,809,000 after buying an additional 15,178 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the completion of the transaction, the director owned 5,118 shares of the company's stock, valued at $1,242,343.32. This trade represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,115 shares of company stock valued at $12,232,985 in the last ninety days. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on ADI shares. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Piper Sandler boosted their target price on shares of Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Stifel Nicolaus raised their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, July 18th. The Goldman Sachs Group assumed coverage on Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target on the stock. Finally, Truist Financial boosted their target price on Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $275.29.

Analog Devices Stock Down 3.3%

Analog Devices stock opened at $238.31 on Thursday. The company has a 50-day simple moving average of $244.08 and a 200-day simple moving average of $226.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The firm has a market capitalization of $117.24 billion, a P/E ratio of 60.79, a P/E/G ratio of 2.08 and a beta of 1.09. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company's quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices's payout ratio is presently 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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