Puzo Michael J Reduces Stock Position in Analog Devices, Inc. $ADI

Key Points

• Puzo Michael J reduced its stake in Analog Devices, Inc. by 2.5%, holding 51,888 shares after selling 1,345 shares during the second quarter.
• Several institutional investors have increased their positions in Analog Devices, with Moss Adams Wealth Advisors LLC growing its holdings by 44.1% in the first quarter.
• Equities analysts have raised their target prices for Analog Devices, with Morgan Stanley setting a new target at $288.00, indicating strong growth potential for the stock.

Puzo Michael J lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,888 shares of the semiconductor company's stock after selling 1,345 shares during the quarter. Analog Devices accounts for 3.5% of Puzo Michael J's investment portfolio, making the stock its 9th largest holding. Puzo Michael J's holdings in Analog Devices were worth $12,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of ADI. Brighton Jones LLC grew its holdings in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after buying an additional 529 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Analog Devices by 8.9% during the first quarter. Capital Investment Advisors LLC now owns 1,111 shares of the semiconductor company's stock worth $224,000 after buying an additional 91 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in Analog Devices by 6.2% during the first quarter. Wesbanco Bank Inc. now owns 8,286 shares of the semiconductor company's stock worth $1,671,000 after buying an additional 484 shares in the last quarter. Courier Capital LLC grew its holdings in Analog Devices by 6.7% during the first quarter. Courier Capital LLC now owns 1,071 shares of the semiconductor company's stock worth $216,000 after buying an additional 67 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its holdings in Analog Devices by 44.1% during the first quarter. Moss Adams Wealth Advisors LLC now owns 1,607 shares of the semiconductor company's stock worth $324,000 after buying an additional 492 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated 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 owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the sale, the director owned 5,118 shares in the company, valued at $1,242,343.32. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,240 shares of company stock valued at $12,980,578. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ADI shares. Stifel Nicolaus upped their target price on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Morgan Stanley upped their target price on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Zacks Research raised Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Noble Financial raised Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group started coverage on Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $275.29.

Analog Devices Price Performance

Analog Devices stock opened at $233.75 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The firm has a market capitalization of $114.99 billion, a P/E ratio of 59.63, a PEG ratio of 2.04 and a beta of 1.09. The business has a fifty day moving average price of $241.19 and a 200-day moving average price of $223.76.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business posted $1.58 earnings per share. The firm'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. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

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