Glenview Trust Co Sells 3,574 Shares of Analog Devices, Inc. $ADI

Key Points

• Glenview Trust Co. reduced its Analog Devices stake by 5.4% in the third quarter, selling 3,574 shares and retaining 62,383 shares valued at approximately $24.7 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices reported quarterly earnings of $3.45 per share on $4.02 billion in revenue, exceeding analyst expectations, while revenue increased 39.2% year over year. The company also maintained a quarterly dividend of $1.10 per share, or $4.40 annually.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $460.55, above its reported trading price of $417.11. However, company insiders sold 52,436 shares worth approximately $20 million over the past three months.

Glenview Trust Co decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,383 shares of the semiconductor company's stock after selling 3,574 shares during the period. Glenview Trust Co's holdings in Analog Devices were worth $24,748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bridgewater Advisors Inc. grew its holdings 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 during the last quarter. Silicon Valley Capital Partners lifted its holdings in shares of Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock valued at $214,000 after purchasing an additional 27 shares during the last quarter. Cornerstone Financial Management LLC lifted its holdings in shares of Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 28 shares during the last quarter. 55 North Private Wealth LLC boosted its position in shares of Analog Devices by 2.8% in the 3rd quarter. 55 North Private Wealth LLC now owns 1,018 shares of the semiconductor company's stock worth $404,000 after purchasing an additional 28 shares in the last quarter. Finally, Eagle Wealth Advisors LLC boosted its position in shares of Analog Devices by 2.1% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 1,340 shares of the semiconductor company's stock worth $532,000 after purchasing an additional 28 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Trading Down 3.7%

NASDAQ:ADI opened at $417.11 on Friday. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The firm has a fifty day simple moving average of $388.54 and a 200-day simple moving average of $371.13. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $202.12 billion, a P/E ratio of 49.48, a PEG ratio of 1.33 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices's dividend payout ratio is presently 52.19%.

Insider Activity at Analog Devices

In other news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the transaction, the insider directly owned 40,428 shares of the company's stock, valued at $16,437,216.24. The trade was a 7.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 1,416 shares of the company's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the completion of the transaction, the director directly owned 108,847 shares of the company's stock, valued at $45,720,093.88. The trade was a 1.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,436 shares of company stock worth $20,014,954 in the last three months. Company insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADI. Piper Sandler set a $460.00 target price on Analog Devices in a research note on Tuesday, September 8th. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 25th. Evercore lowered their price target on Analog Devices from $474.00 to $462.00 and set an "outperform" rating for the company in a report on Thursday, August 20th. Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price target on the stock in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein upgraded Analog Devices from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $460.55.

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

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