Nations Financial Group Inc. IA ADV Has $2.94 Million Position in Analog Devices, Inc. $ADI

Key Points

• Nations Financial Group Inc. IA ADV reduced its stake in Analog Devices, Inc. by 18.7%, selling 3,345 shares, and ended up with 14,585 shares valued at $2,941,000.
• Equities analysts generally maintain a positive outlook on Analog Devices, with a consensus target price of $258.89 and several recent upgrades in ratings.
• Analog Devices announced a quarterly dividend of $0.99, translating to an annualized dividend of $3.96 and a yield of 1.7%, although its payout ratio is notably high at 107.90%.

Nations Financial Group Inc. IA ADV trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 18.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,585 shares of the semiconductor company's stock after selling 3,345 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Analog Devices were worth $2,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its position in Analog Devices by 284.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after buying an additional 22,973 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Analog Devices during the fourth quarter worth $10,212,000. Sowell Financial Services LLC bought a new stake in shares of Analog Devices in the first quarter worth $296,000. Keybank National Association OH increased its stake in shares of Analog Devices by 85.8% in the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock worth $5,461,000 after buying an additional 12,505 shares during the last quarter. Finally, Eastern Bank increased its stake in shares of Analog Devices by 6.0% in the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock worth $39,664,000 after buying an additional 11,101 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Piper Sandler upped their price target on shares of Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a research report on Thursday. Oppenheimer upped their price target on shares of Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Evercore ISI upped their price target on shares of Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $267.39.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director owned 167,571 shares in the company, valued at $40,088,010.33. This represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Analog Devices Price Performance

ADI stock traded up $3.5240 during trading on Thursday, hitting $248.3940. The company had a trading volume of 2,243,927 shares, compared to its average volume of 3,953,138. The firm has a market capitalization of $123.27 billion, a price-to-earnings ratio of 67.57, a P/E/G ratio of 2.12 and a beta of 1.05. The business has a 50 day moving average of $233.96 and a 200 day moving average of $216.74. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $249.58. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the company earned $1.58 EPS. Analog Devices's revenue 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 predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices's payout ratio is presently 107.90%.

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.