Peoples Financial Services CORP. Sells 1,079 Shares of Analog Devices, Inc. $ADI

Key Points

• Peoples Financial Services CORP. reduced its holdings in Analog Devices by 11.9% during the second quarter, selling 1,079 shares and maintaining 8,026 shares, which represent 0.9% of its investment portfolio.
• Several analysts have raised their price targets for Analog Devices, with Stifel Nicolaus increasing it from $248 to $270 and Citigroup from $260 to $290, indicating strong investor interest and confidence in the company.
• Insiders at Analog Devices have sold a total of 41,240 shares over the last three months, indicating a decrease in their ownership, with significant sales from senior vice presidents Martin Cotter and Katsufumi Nakamura.

Peoples Financial Services CORP. lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,026 shares of the semiconductor company's stock after selling 1,079 shares during the quarter. Analog Devices comprises 0.9% of Peoples Financial Services CORP.'s investment portfolio, making the stock its 26th largest position. Peoples Financial Services CORP.'s holdings in Analog Devices were worth $1,910,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ADI. Baader Bank Aktiengesellschaft lifted its position in Analog Devices by 3.9% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company's stock worth $270,000 after buying an additional 43 shares during the last quarter. EFG Asset Management North America Corp. lifted its position in Analog Devices by 0.3% in the 1st quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock worth $2,866,000 after buying an additional 47 shares during the last quarter. Regatta Capital Group LLC lifted its position in Analog Devices by 4.5% in the 2nd quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company's stock worth $268,000 after buying an additional 48 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Analog Devices by 0.6% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,259 shares of the semiconductor company's stock worth $1,966,000 after buying an additional 50 shares during the last quarter. Finally, Heritage Financial Services LLC lifted its position in Analog Devices by 1.6% in the 1st quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock worth $669,000 after buying an additional 53 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ADI. Stifel Nicolaus boosted their target price on Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their target price on Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Barclays boosted their target price on Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Piper Sandler boosted their target price on Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Finally, Citigroup reiterated a "buy" rating and issued a $290.00 price objective (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $273.53.

Insiders Place Their Bets

In other news, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares of the company's stock, valued at approximately $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,240 shares of company stock valued at $10,300,738 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

Shares of ADI stock opened at $247.56 on Monday. 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 fifty-two week low of $158.65 and a fifty-two week high of $258.13. The stock has a 50 day moving average price of $239.79 and a two-hundred day moving average price of $222.25. The company has a market capitalization of $121.79 billion, a P/E ratio of 63.15, a PEG ratio of 2.09 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The business's revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices's payout ratio is 101.02%.

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.

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