NewEdge Advisors LLC Sells 8,338 Shares of Analog Devices, Inc. $ADI

Key Points

• NewEdge Advisors LLC has reduced its stake in Analog Devices, Inc. by 8.6%, selling 8,338 shares, which valued their remaining holdings at approximately $17.9 million at the end of the first quarter.
• Several analysts have decreased or adjusted their price targets for Analog Devices, with Evercore ISI setting a new target at $303, reflecting a consensus rating of "Moderate Buy" among analysts.
• Analog Devices recently reported a strong quarterly earnings performance, with $2.88 billion in revenue, surpassing estimates, and announced a quarterly dividend of $0.99 per share to be paid in September.

NewEdge Advisors LLC lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 8.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,651 shares of the semiconductor company's stock after selling 8,338 shares during the quarter. NewEdge Advisors LLC's holdings in Analog Devices were worth $17,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADI. Vanguard Group Inc. raised its position in shares of Analog Devices by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after acquiring an additional 359,841 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Analog Devices by 26.7% in the first 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 purchasing an additional 2,407,460 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Analog Devices by 0.3% in the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company's stock valued at $793,616,000 after purchasing an additional 12,666 shares during the last quarter. Amundi increased its holdings in Analog Devices by 29.2% in the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after purchasing an additional 880,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Analog Devices by 25.1% in the fourth 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 valued at $708,260,000 after purchasing an additional 668,023 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ADI. Zacks Research raised Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Oppenheimer increased their price target on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Morgan Stanley raised their price target on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Two equities research 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 data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Insiders Place Their Bets

In other news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction on Wednesday, August 27th. The shares were 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 owned 23,515 shares in the company, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,115 shares of company stock worth $9,529,113. 0.33% of the stock is currently owned by company insiders.

Analog Devices Price Performance

NASDAQ ADI traded down $0.80 during midday trading on Tuesday, hitting $248.18. The company had a trading volume of 2,094,797 shares, compared to its average volume of 3,778,604. The company has a market capitalization of $122.09 billion, a PE ratio of 63.31, a P/E/G ratio of 2.12 and a beta of 1.08. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $238.76 and a 200-day moving average price of $219.95. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13.

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, beating the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company's quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.99 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices's dividend payout ratio (DPR) 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.