Analog Devices, Inc. $ADI Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its holdings in Analog Devices, Inc. by 19%, now owning 1,221,792 shares valued at approximately $246.4 million.
• Vanguard Group and Price T Rowe Associates have increased their stakes in Analog Devices, with Vanguard holding nearly $10 billion after a 0.7% increase in shares.
• Analog Devices announced a quarterly $0.99 dividend, representing a yield of 1.6%, with a payout ratio of over 101%.

Rafferty Asset Management LLC trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,221,792 shares of the semiconductor company's stock after selling 286,605 shares during the period. Analog Devices accounts for 1.1% of Rafferty Asset Management LLC's portfolio, making the stock its 18th largest holding. Rafferty Asset Management LLC owned approximately 0.25% of Analog Devices worth $246,399,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Heritage Financial Services LLC grew its stake in Analog Devices by 1.6% during the first quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock valued at $669,000 after acquiring an additional 53 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Analog Devices by 11.4% in the 1st quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock worth $108,000 after buying an additional 55 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Analog Devices by 14.8% in the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after buying an additional 57 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Analog Devices by 0.4% in the 1st quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock worth $2,929,000 after buying an additional 58 shares in the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Analog Devices by 1.1% in the 1st quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company's stock worth $1,147,000 after acquiring an additional 60 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

NASDAQ ADI traded down $2.94 on Friday, hitting $251.31. 3,598,994 shares of the company's stock traded hands, compared to its average volume of 3,949,447. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The firm's 50-day moving average price is $237.29 and its two-hundred day moving average price is $219.10. The firm has a market capitalization of $123.63 billion, a PE ratio of 64.11, a P/E/G ratio of 2.14 and a beta of 1.05.

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, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the business posted $1.58 EPS. The business's quarterly 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, analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's payout ratio is currently 101.02%.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the business's 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 transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. This 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 25,615 shares of company stock worth $6,450,988 in the last three months. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

ADI has been the subject of several analyst reports. Evercore ISI raised their target price on shares of Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Wells Fargo & Company lifted their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Benchmark lifted their price objective on shares of Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, KGI Securities started coverage on shares of Analog Devices in a report on Friday, May 23rd. They set a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

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.