Patriot Financial Group Insurance Agency LLC Buys 1,669 Shares of Analog Devices, Inc. $ADI

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Analog Devices, Inc. by 26.4%, acquiring an additional 1,669 shares, bringing its total to 7,991 shares valued at approximately $1.9 million.
• Analog Devices recently reported quarterly earnings of $2.05 EPS, exceeding estimates, with revenue up 24.6% year-over-year, amounting to $2.88 billion.
• Insider trading activity included Ray Stata, a director at Analog Devices, selling 3,125 shares for $771,625, while insiders have sold a total of 51,240 shares valued over $12.7 million in the past ninety days.

Patriot Financial Group Insurance Agency LLC raised its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 26.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,991 shares of the semiconductor company's stock after purchasing an additional 1,669 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Analog Devices were worth $1,902,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ADI. Price T Rowe Associates Inc. MD grew its holdings in shares of Analog Devices by 26.7% during 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 buying an additional 2,407,460 shares during the last quarter. Nuveen LLC acquired a new position in shares of Analog Devices during the first quarter valued at about $351,943,000. Amundi grew its holdings in shares of Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after buying an additional 880,636 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Analog Devices by 229.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company's stock valued at $160,695,000 after buying an additional 555,065 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Analog Devices by 211.9% during the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company's stock valued at $150,295,000 after buying an additional 506,314 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director owned 155,071 shares of the company's stock, valued at approximately $38,290,131.32. The trade was a 1.98% 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 Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the sale, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,240 shares of company stock worth $12,737,838. Insiders own 0.33% of the company's stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $241.67 on Friday. The firm has a market cap of $118.89 billion, a price-to-earnings ratio of 61.65, a P/E/G ratio of 2.02 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, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The firm's 50-day simple moving average is $240.61 and its two-hundred day simple moving average is $222.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts forecast 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 was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given 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 1.6%. Analog Devices's payout ratio is currently 101.02%.

Analysts Set New Price Targets

ADI has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Analog Devices in a report on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective for the company. Evercore ISI lifted their price objective on shares of Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. 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 report on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price target on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, July 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $275.29.

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.

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