Jones Financial Companies Lllp Lowers Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Jones Financial Companies Lllp reduced its holdings in Analog Devices, Inc. by 63.9%, selling 67,078 shares and leaving it with 37,830 shares worth roughly $7 million.
• Analog Devices reported earnings of $2.05 per share, exceeding expectations of $1.95, with revenues of $2.88 billion, a 24.6% increase from the previous year.
• The company announced a quarterly dividend of $0.99 per share, representing an annualized yield of 1.6%, with a payout ratio of 101.02%.

Jones Financial Companies Lllp lessened its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 63.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,830 shares of the semiconductor company's stock after selling 67,078 shares during the quarter. Jones Financial Companies Lllp's holdings in Analog Devices were worth $7,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADI. Price T Rowe Associates Inc. MD lifted its holdings 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 buying an additional 2,407,460 shares during the period. GAMMA Investing LLC raised its holdings in Analog Devices by 25,460.1% in the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after purchasing an additional 2,203,062 shares during the period. Nuveen LLC acquired a new position in Analog Devices in the 1st quarter worth about $351,943,000. Amundi raised its holdings in Analog Devices by 29.2% in the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after purchasing an additional 880,636 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Analog Devices by 25.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock worth $708,260,000 after purchasing an additional 668,023 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADI. Benchmark upped their price target on Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Piper Sandler upped their price target on Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Cfra Research cut Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Morgan Stanley boosted their price objective on Analog Devices from $273.00 to $288.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $273.53.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 23,515 shares in the company, valued at approximately $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Martin Cotter sold 12,500 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the transaction, the senior vice president owned 63,048 shares of the company's stock, valued at $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,115 shares of company stock valued at $9,529,113. 0.33% of the stock is currently owned by insiders.

Analog Devices Price Performance

Shares of ADI stock traded down $3.03 during trading hours on Friday, reaching $245.21. The company had a trading volume of 2,109,962 shares, compared to its average volume of 3,573,982. 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 stock has a fifty day moving average of $238.98 and a 200-day moving average of $220.48. The company has a market capitalization of $120.63 billion, a price-to-earnings ratio of 62.55, a PEG ratio of 2.10 and a beta of 1.08. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13.

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, beating analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during 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 business's revenue was up 24.6% compared to the same quarter last year. 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. On average, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. 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.