TOWER TRUST & INVESTMENT Co Sells 1,150 Shares of Analog Devices, Inc. $ADI

Key Points

• TOWER TRUST & INVESTMENT Co reduced its holdings in Analog Devices, Inc. by 19.7%, selling 1,150 shares during Q2, leaving it with 4,674 shares valued at approximately $1,112,000.
• Multiple analysts have recently upgraded Analog Devices' stock ratings, with significant target price increases from firms including Morgan Stanley and JPMorgan Chase & Co..
• Analog Devices reported a quarterly earnings per share (EPS) of $2.05, exceeding expectations and showing a 24.6% year-over-year revenue growth.

TOWER TRUST & INVESTMENT Co lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,674 shares of the semiconductor company's stock after selling 1,150 shares during the quarter. TOWER TRUST & INVESTMENT Co's holdings in Analog Devices were worth $1,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its stake in Analog Devices by 284.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after purchasing an additional 22,973 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Analog Devices during the 1st quarter valued at $296,000. Keybank National Association OH increased its stake in Analog Devices by 85.8% during the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after purchasing an additional 12,505 shares in the last quarter. Eastern Bank increased its stake in Analog Devices by 6.0% during the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock valued at $39,664,000 after purchasing an additional 11,101 shares in the last quarter. Finally, McLean Asset Management Corp bought a new stake in shares of Analog Devices in the 2nd quarter worth $262,000. Institutional investors own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Morgan Stanley upped their target price on shares of Analog Devices from $273.00 to $288.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Barclays upped their target price on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares of the company's stock, valued at $3,360,558.47. This 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 through this link. Also, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the sale, the director directly owned 155,071 shares in the company, valued at approximately $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,240 shares of company stock worth $10,300,738 in the last ninety days. Corporate insiders own 0.33% of the company's stock.

Analog Devices Price Performance

ADI opened at $247.56 on Friday. The firm has a market cap of $121.79 billion, a P/E ratio of 63.15, a PEG ratio of 2.09 and a beta of 1.08. The firm has a 50-day moving average of $239.79 and a 200 day moving average of $222.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices's dividend payout ratio is presently 101.02%.

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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