Tritonpoint Wealth LLC Cuts Stock Position in Analog Devices, Inc. $ADI

Key Points

• Tritonpoint Wealth LLC cut its position in Analog Devices by 15.7% in Q4, selling 4,017 shares and ending with 21,500 shares valued at about $5.83M, while institutional/hedge fund ownership totals 86.81%.
• Insider selling has been notable: CEO Vincent Roche and SVP Martin Cotter each sold 10,000 shares, and insiders disposed of 41,449 shares (≈$12.77M) in the last 90 days, leaving insiders with just 0.36% ownership.
• Analog Devices beat estimates with Q EPS of $2.46 and revenue up 30.4% YoY, provided Q2 EPS guidance of $2.73–3.03, and saw multiple analyst price-target increases resulting in a consensus "Buy" and an average target of $367.81; the company also raised its quarterly dividend to $1.10.

Tritonpoint Wealth LLC cut its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,500 shares of the semiconductor company's stock after selling 4,017 shares during the quarter. Tritonpoint Wealth LLC's holdings in Analog Devices were worth $5,831,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Analog Devices by 268.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,611 shares of the semiconductor company's stock worth $1,250,000 after buying an additional 3,361 shares during the last quarter. Perigon Wealth Management LLC grew its position in Analog Devices by 20.5% during the fourth quarter. Perigon Wealth Management LLC now owns 4,797 shares of the semiconductor company's stock valued at $1,301,000 after acquiring an additional 815 shares during the last quarter. Abacus Planning Group Inc. raised its stake in shares of Analog Devices by 27.3% during the fourth quarter. Abacus Planning Group Inc. now owns 1,207 shares of the semiconductor company's stock worth $327,000 after acquiring an additional 259 shares in the last quarter. HF Advisory Group LLC lifted its holdings in shares of Analog Devices by 661.6% in the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company's stock worth $13,477,000 after acquiring an additional 43,168 shares during the last quarter. Finally, Crew Capital Management Ltd boosted its stake in shares of Analog Devices by 5.8% in the 4th quarter. Crew Capital Management Ltd now owns 4,628 shares of the semiconductor company's stock valued at $1,255,000 after purchasing an additional 253 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total value of $3,069,200.00. Following the completion of the transaction, the chief executive officer directly owned 155,688 shares in the company, valued at approximately $47,783,760.96. This represents a 6.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin Cotter sold 10,000 shares of the firm's stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the sale, the senior vice president directly owned 49,664 shares of the company's stock, valued at approximately $13,828,444.16. This represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 41,449 shares of company stock worth $12,766,769. Company insiders own 0.36% of the company's stock.

Analog Devices Stock Performance

Analog Devices stock opened at $318.34 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $155.41 billion, a P/E ratio of 58.20, a P/E/G ratio of 1.46 and a beta of 1.05. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $363.20. The firm has a 50-day moving average of $325.21 and a 200-day moving average of $281.97.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company posted $1.63 EPS. Analog Devices's quarterly revenue was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is an increase from Analog Devices's previous quarterly dividend of $0.99. Analog Devices's payout ratio is presently 80.44%.

Analysts Set New Price Targets

ADI has been the topic of several recent research reports. KeyCorp increased their target price on shares of Analog Devices from $375.00 to $430.00 and gave the company an "overweight" rating in a report on Thursday, February 19th. JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $320.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. TD Cowen reaffirmed a "buy" rating on shares of Analog Devices in a research note on Thursday, February 19th. Oppenheimer reiterated an "outperform" rating and issued a $400.00 price objective (up from $350.00) on shares of Analog Devices in a report on Thursday, February 19th. Finally, Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, January 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $367.81.

About Analog Devices

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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