Smith Salley Wealth Management Has $25.54 Million Holdings in Analog Devices, Inc. $ADI

Key Points

• Smith Salley Wealth Management increased its holdings in Analog Devices, Inc. by 2.9% during the second quarter, bringing its total investment to approximately $25.54 million.
• Institutional investors own 86.81% of Analog Devices stock, with several large investors, like Price T Rowe Associates and GAMMA Investing, significantly boosting their positions in the company.
• Analysts have set a consensus price target of $273.53 for Analog Devices, with many institutions upgrading their ratings amid positive earnings reports and growth projections.

Smith Salley Wealth Management raised its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,319 shares of the semiconductor company's stock after buying an additional 3,001 shares during the quarter. Analog Devices comprises approximately 1.5% of Smith Salley Wealth Management's investment portfolio, making the stock its 16th biggest holding. Smith Salley Wealth Management's holdings in Analog Devices were worth $25,544,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $2,304,098,000 after buying an additional 2,407,460 shares during the period. GAMMA Investing LLC raised its position in Analog Devices by 25,460.1% during the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after acquiring an additional 2,203,062 shares in the last quarter. Nuveen LLC acquired a new position in Analog Devices during the first quarter worth $351,943,000. Amundi boosted its position in shares of Analog Devices by 29.2% in the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after purchasing an additional 880,636 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Analog Devices by 229.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company's stock valued at $160,695,000 after purchasing an additional 555,065 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 155,071 shares of the company's stock, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,240 shares of company stock worth $10,300,738 in the last quarter. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADI shares. Evercore ISI upped their price objective on Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. UBS Group dropped their target price on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Wells Fargo & Company boosted 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. Finally, Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $250.00 to $270.00 in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Trading Up 0.0%

NASDAQ:ADI opened at $247.56 on Friday. The company's 50-day simple moving average is $239.79 and its 200 day simple moving average is $222.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The firm has a market capitalization of $121.79 billion, a P/E ratio of 63.15, a PEG ratio of 2.09 and a beta of 1.08. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last released 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. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business's revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's dividend payout ratio is 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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