Stock Yards Bank & Trust Co. Sells 1,550 Shares of Analog Devices, Inc. $ADI

Key Points

• Stock Yards Bank & Trust Co. sold 1,550 shares of Analog Devices, Inc. (ADI), reducing its holdings by 3.6% to 41,628 shares, worth approximately $9.9 million.
• Multiple analysts issued upgrades and target price increases for Analog Devices, with a consensus rating of "Moderate Buy" and a target price of $275.29.
• Analog Devices reported a quarterly EPS of $2.05, exceeding estimates, and announced a quarterly dividend of $0.99, resulting in an annualized yield of 1.6%.

Stock Yards Bank & Trust Co. trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,628 shares of the semiconductor company's stock after selling 1,550 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Analog Devices were worth $9,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in shares of Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after buying an additional 127 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Analog Devices in the first quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Analog Devices in the first quarter valued at $33,000. North Capital Inc. bought a new position in shares of Analog Devices in the first quarter valued at $36,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Analog Devices by 209.8% in the first quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 128 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ADI shares. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Analog Devices in a report on Saturday, September 27th. Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Barclays increased their target price on shares of Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Finally, Citigroup reiterated a "buy" rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $275.29.

Analog Devices Stock Performance

NASDAQ ADI opened at $241.99 on Friday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The company has a 50-day simple moving average of $240.89 and a 200 day simple moving average of $223.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The company has a market capitalization of $119.05 billion, a PE ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted 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 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 the consensus estimate of $2.76 billion. During the same quarter last year, the company posted $1.58 earnings per share. The firm'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. On average, research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Insider Buying and Selling at Analog Devices

In other news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the transaction, the senior vice president owned 63,048 shares of the company's stock, valued at $15,525,570. The trade was a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,240 shares of company stock worth $12,737,838 over the last three months. Company insiders own 0.33% of the company's stock.

About Analog Devices

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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