Janney Montgomery Scott LLC Sells 7,010 Shares of Analog Devices, Inc. $ADI

Key Points

• Janney Montgomery Scott LLC reduced its stake in Analog Devices, Inc. by 6.9%, selling 7,010 shares and holding 94,634 shares valued at $22,525,000 after the sale.
• The company reported a 24.6% year-over-year revenue increase of $2.88 billion in its latest quarter, exceeding analyst expectations.
• Analog Devices recently paid a quarterly dividend of $0.99, representing a 1.7% yield, but has a high dividend payout ratio of 101.02%.

Janney Montgomery Scott LLC reduced its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,634 shares of the semiconductor company's stock after selling 7,010 shares during the period. Janney Montgomery Scott LLC's holdings in Analog Devices were worth $22,525,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $2,304,098,000 after acquiring an additional 2,407,460 shares in the last quarter. Nuveen LLC bought a new position in Analog Devices during the 1st quarter valued at $351,943,000. Amundi lifted its stake in Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after acquiring an additional 880,636 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Analog Devices by 229.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company's stock valued at $160,695,000 after acquiring an additional 555,065 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in Analog Devices by 211.9% during the 1st quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company's stock valued at $150,295,000 after acquiring an additional 506,314 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Down 2.6%

Shares of ADI opened at $239.28 on Thursday. The business has a 50-day moving average of $240.30 and a 200 day moving average of $222.78. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The firm has a market cap of $117.71 billion, a P/E ratio of 61.04, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping 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 company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm posted $1.58 EPS. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADI. Piper Sandler raised 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, August 21st. Noble Financial upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Citigroup reaffirmed a "buy" rating and set a $290.00 target price (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Morgan Stanley raised their target price on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.29.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares of the company's stock, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares of the company's stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,240 shares of company stock worth $10,300,738. Insiders own 0.33% of the company's stock.

About Analog Devices

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.