Northern Trust Corp Has $1.10 Billion Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Northern Trust Corp reduced its stake in Analog Devices, owning 5,439,186 shares worth approximately $1.10 billion after selling 81,976 shares in the first quarter.
• Several institutional investors, including Hemington Wealth Management and Continuum Advisory LLC, increased their positions in Analog Devices, contributing to a total institutional ownership of 86.81% in the company.
• Analog Devices reported a quarterly earnings per share (EPS) of $1.85, exceeding analysts' expectations, and has declared a quarterly dividend of $0.99 per share with a yield of 1.7%.

Northern Trust Corp lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,439,186 shares of the semiconductor company's stock after selling 81,976 shares during the period. Northern Trust Corp owned about 1.10% of Analog Devices worth $1,096,921,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Hemington Wealth Management lifted its position in shares of Analog Devices by 11.4% during the first quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock worth $108,000 after purchasing an additional 55 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Analog Devices by 14.8% during the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 57 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Analog Devices by 0.4% during the first quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock worth $2,929,000 after purchasing an additional 58 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Analog Devices by 1.1% during the first quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company's stock worth $1,147,000 after purchasing an additional 60 shares in the last quarter. Finally, Sfmg LLC lifted its position in shares of Analog Devices by 2.7% during the first quarter. Sfmg LLC now owns 2,301 shares of the semiconductor company's stock worth $464,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in 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. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday. Cantor Fitzgerald raised shares of Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $250.00 to $270.00 in a research note on Wednesday, June 18th. Piper Sandler boosted their price target on shares of Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, KeyCorp upped 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Stock Up 2.1%

Shares of ADI stock traded up $5.25 during trading hours on Friday, hitting $252.20. 4,987,769 shares of the company were exchanged, compared to its average volume of 3,981,728. The company has a market capitalization of $125.15 billion, a PE ratio of 64.34, a PEG ratio of 2.25 and a beta of 1.05. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $257.22. The business has a 50 day moving average of $234.26 and a two-hundred day moving average of $217.03. The company has a current ratio of 2.32, a quick ratio of 1.51 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its 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. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.6%. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

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.