Reynders McVeigh Capital Management LLC Sells 4,424 Shares of Analog Devices, Inc. $ADI

Key Points

• Reynders McVeigh Capital Management reduced its Analog Devices stake by 1.8%, selling 4,424 shares and retaining 240,828 shares valued at approximately $95.65 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, surpassing analyst estimates, while revenue increased 39.2% year over year. The company also announced a quarterly dividend of $1.10 per share, representing a 1.2% annualized yield.
• Analysts maintain a broadly positive view, with ADI carrying an average “Buy” rating and a $457.97 price target versus its recent price of $361.35. Recent insider sales included transactions by the CFO and a director, both executed under pre-arranged trading plans.

Reynders McVeigh Capital Management LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 240,828 shares of the semiconductor company's stock after selling 4,424 shares during the period. Analog Devices comprises approximately 3.9% of Reynders McVeigh Capital Management LLC's investment portfolio, making the stock its 7th largest holding. Reynders McVeigh Capital Management LLC's holdings in Analog Devices were worth $95,650,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Analog Devices in the 2nd quarter valued at about $18,610,868,000. State Street Corp grew its holdings in Analog Devices by 0.4% in the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock valued at $6,369,833,000 after buying an additional 88,538 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Analog Devices in the second quarter valued at about $3,573,081,000. Van ECK Associates Corp grew its position in shares of Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock worth $3,345,316,000 after purchasing an additional 1,670,957 shares in the last quarter. Finally, Norges Bank bought a new position in Analog Devices during the 4th quarter worth $2,215,516,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Up 0.1%

Analog Devices stock traded up $0.33 during midday trading on Tuesday, reaching $361.35. The stock had a trading volume of 2,400,920 shares, compared to its average volume of 4,140,372. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The company has a fifty day moving average price of $374.58 and a two-hundred day moving average price of $374.84. The company has a market capitalization of $175.10 billion, a P/E ratio of 42.86, a PEG ratio of 1.17 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's payout ratio is presently 52.19%.

Wall Street Analyst Weigh In

ADI has been the topic of several recent analyst reports. Sanford C. Bernstein raised shares of Analog Devices from a "market perform" rating to an "outperform" rating and raised their target price for the company from $430.00 to $465.00 in a report on Wednesday, August 19th. KeyCorp boosted their price target on Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Stifel Nicolaus increased their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. The Goldman Sachs Group reissued a "buy" rating and set a $480.00 price target on shares of Analog Devices in a research note on Wednesday, August 19th. Finally, Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Sunday, May 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $457.97.

Insiders Place Their Bets

In related news, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $362.85, for a total value of $513,795.60. Following the sale, the director owned 111,679 shares in the company, valued at $40,522,725.15. This trade represents a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 40,431 shares of company stock valued at $14,987,547. Insiders own 0.36% of the company's stock.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.

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