SMART Wealth LLC Sells 5,938 Shares of Analog Devices, Inc. $ADI

Key Points

• SMART Wealth LLC cut its Analog Devices stake by 81.6% in the second quarter, selling 5,938 shares and retaining 1,339 shares valued at approximately $532,000.
• Institutional investors own 86.81% of Analog Devices, with several major firms—including BlackRock, State Street, Morgan Stanley, Bank of America and Van ECK—holding or increasing sizable positions.
• Analog Devices reported stronger-than-expected quarterly results, with $3.45 in earnings per share and $4.02 billion in revenue, while analysts maintain a consensus “Buy” rating and an average price target of $454.63.

SMART Wealth LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 81.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,339 shares of the semiconductor company's stock after selling 5,938 shares during the period. SMART Wealth LLC's holdings in Analog Devices were worth $532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Analog Devices during the 2nd quarter worth $18,610,868,000. State Street Corp raised its stake in Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock valued at $6,369,833,000 after purchasing an additional 88,538 shares in the last quarter. Morgan Stanley raised its stake in Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock valued at $2,834,210,000 after purchasing an additional 194,535 shares in the last quarter. Bank of America Corp DE lifted its position in Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock worth $3,250,341,000 after purchasing an additional 501,604 shares during the period. Finally, Van ECK Associates Corp lifted its position in Analog Devices by 24.7% during the second 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 during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Performance

Analog Devices stock opened at $362.25 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $175.54 billion, a PE ratio of 42.97, a P/E/G ratio of 1.10 and a beta of 1.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The business's 50-day moving average price is $377.17 and its two-hundred day moving average price is $373.91.

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

Analog Devices Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on ADI. Citigroup raised their target price on shares of Analog Devices from $400.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Fundamental Research set a $550.00 price target on shares of Analog Devices in a research report on Monday, June 29th. Wolfe Research reissued an "outperform" rating and issued a $475.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Jefferies Financial Group boosted their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $454.63.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,363 shares of company stock worth $15,477,939 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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