Three Bridge Wealth Advisors LLC Makes New $290,000 Investment in Analog Devices, Inc. $ADI

Key Points

• Three Bridge Wealth Advisors LLC invested approximately $290,000 in Analog Devices, acquiring 1,219 shares of the semiconductor company's stock during the second quarter.
• Multiple institutional investors have increased their stakes in Analog Devices, with Merit Financial Group LLC raising their holdings by 58.3% to own 14,769 shares valued at $3,515,000.
• Recently, insiders sold over 51,240 shares of the company's stock, with a total transaction value of approximately $12.7 million, while insider ownership now stands at only 0.33%.

Three Bridge Wealth Advisors LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,219 shares of the semiconductor company's stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADI. Merit Financial Group LLC lifted its holdings in Analog Devices by 58.3% in the 2nd quarter. Merit Financial Group LLC now owns 14,769 shares of the semiconductor company's stock worth $3,515,000 after buying an additional 5,438 shares during the period. Simplicity Wealth LLC increased its position in Analog Devices by 194.7% during the 2nd quarter. Simplicity Wealth LLC now owns 3,757 shares of the semiconductor company's stock valued at $894,000 after buying an additional 2,482 shares in the last quarter. Brown Miller Wealth Management LLC boosted its stake in Analog Devices by 1.9% during the 2nd quarter. Brown Miller Wealth Management LLC now owns 13,242 shares of the semiconductor company's stock valued at $3,152,000 after purchasing an additional 245 shares during the last quarter. Chemung Canal Trust Co. boosted its stake in Analog Devices by 207.8% during the 2nd quarter. Chemung Canal Trust Co. now owns 13,615 shares of the semiconductor company's stock valued at $3,241,000 after purchasing an additional 9,191 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. boosted its stake in shares of Analog Devices by 4.6% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 11,404 shares of the semiconductor company's stock worth $2,714,000 after buying an additional 497 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the transaction, the director directly owned 155,071 shares of the company's stock, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction that occurred on Thursday, August 21st. The stock was 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 directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,240 shares of company stock valued at $12,737,838. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

ADI has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Analog Devices in a report on Thursday, July 10th. They set a "buy" rating and a $285.00 price target on the stock. Cantor Fitzgerald raised their price target on Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday. Evercore ISI lifted their target price on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Analog Devices in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their target price on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $275.29.

Analog Devices Trading Up 0.1%

NASDAQ ADI opened at $241.99 on Friday. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The company has a 50-day simple moving average of $240.89 and a 200-day simple moving average of $223.30. 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 firm 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 issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share 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 firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the firm posted $1.58 EPS. Analog Devices'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, equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analog Devices Company 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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