Prime Capital Investment Advisors LLC Trims Holdings in Analog Devices, Inc. $ADI

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Analog Devices, Inc. by 13.5%, now holding 16,485 shares valued at approximately $3.92 million after selling 2,575 shares during the second quarter.
• Major institutional investors increased their positions in Analog Devices, with Price T Rowe Associates growing by 26.7% and Robeco Institutional Asset Management increasing by 229.6%, reflecting strong interest from the market.
• Despite recent insider selling activity, Analog Devices reported a strong financial performance with $2.05 EPS for the latest quarter, surpassing estimates, and announced a $0.99 quarterly dividend with a yield of 1.7%.

Prime Capital Investment Advisors LLC cut its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 13.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,485 shares of the semiconductor company's stock after selling 2,575 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Analog Devices were worth $3,924,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in 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 worth $2,304,098,000 after buying an additional 2,407,460 shares in the last quarter. Nuveen LLC bought a new stake in Analog Devices during the first quarter worth about $351,943,000. Amundi lifted its stake in Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after purchasing an additional 880,636 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in 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 worth $160,695,000 after purchasing an additional 555,065 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Analog Devices by 211.9% during the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company's stock worth $150,295,000 after purchasing an additional 506,314 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADI has been the subject of several research analyst reports. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. KeyCorp boosted their target price on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Piper Sandler boosted their target price on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Zacks Research raised Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Finally, Morgan Stanley boosted their target price on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average target price of $275.29.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the sale, the director directly owned 155,071 shares in the company, valued at approximately $38,290,131.32. This trade represents a 1.98% 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 10,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the transaction, the chief executive officer owned 140,118 shares in the company, valued at approximately $34,148,157.78. This trade represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,240 shares of company stock worth $12,980,578. Insiders own 0.33% of the company's stock.

Analog Devices Stock Down 3.6%

Shares of NASDAQ:ADI opened at $233.75 on Wednesday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The firm has a market capitalization of $114.99 billion, a P/E ratio of 59.63, a P/E/G ratio of 2.04 and a beta of 1.09. The stock has a 50 day moving average price of $241.19 and a 200-day moving average price of $223.76. 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 (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is currently 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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