HB Wealth Management LLC Lowers Holdings in Analog Devices, Inc. $ADI

Key Points

• HB Wealth Management LLC reduced its stake in Analog Devices, Inc. by 9.0%, holding 14,918 shares valued at approximately $3.55 million after selling 1,475 shares during the second quarter.
• Several institutional investors have significantly increased their positions in Analog Devices, Inc., with Price T Rowe Associates raising their stake by 26.7% in the first quarter alone.
• Analysts have a consensus rating of “Moderate Buy” for Analog Devices, with a target price of $275.29, following notable increases in price targets from several financial institutions.

HB Wealth Management LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,918 shares of the semiconductor company's stock after selling 1,475 shares during the period. HB Wealth Management LLC's holdings in Analog Devices were worth $3,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ADI. Price T Rowe Associates Inc. MD increased its position in shares of Analog Devices by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock valued at $2,304,098,000 after acquiring an additional 2,407,460 shares during the period. Nuveen LLC purchased a new position in Analog Devices in the 1st quarter valued at about $351,943,000. Amundi lifted its stake in Analog Devices by 29.2% in the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after buying an additional 880,636 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Analog Devices by 229.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company's stock worth $160,695,000 after purchasing an additional 555,065 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Analog Devices by 211.9% during the 1st quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company's stock worth $150,295,000 after buying an additional 506,314 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Stifel Nicolaus lifted their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Truist Financial boosted their price target on shares of Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research report on Thursday, August 21st. Noble Financial raised shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Finally, Piper Sandler upped their target price on shares of Analog Devices from $215.00 to $245.00 and gave the company a "neutral" 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's stock. According to MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $275.29.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares of the company's stock, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,240 shares of company stock worth $10,300,738. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Down 2.6%

ADI stock opened at $239.28 on Thursday. The company's 50 day simple moving average is $240.30 and its 200-day simple moving average is $222.78. The firm has a market capitalization of $117.71 billion, a PE ratio of 61.04, a P/E/G ratio of 2.07 and a beta of 1.09. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. Analog Devices's dividend payout ratio is presently 101.02%.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.