Vest Financial LLC Buys 2,978 Shares of Analog Devices, Inc. $ADI

Key Points

• Vest Financial LLC increased its stake in Analog Devices, Inc. by 30.9%, acquiring an additional 2,978 shares during the second quarter, bringing their total holdings to 12,610 shares worth approximately $3,001,000.
• Several analysts have upgraded their price targets for Analog Devices, with Cantor Fitzgerald setting a new target at $300.00 and Zacks Research upgrading the rating to "strong-buy," reflecting positive market sentiment.
• Analog Devices reported a strong quarterly earnings performance with $2.05 EPS, surpassing analyst expectations and demonstrating a 24.6% increase in revenue year-over-year.

Vest Financial LLC raised its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 30.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,610 shares of the semiconductor company's stock after acquiring an additional 2,978 shares during the period. Vest Financial LLC's holdings in Analog Devices were worth $3,001,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft grew its holdings in shares of Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company's stock worth $270,000 after purchasing an additional 43 shares during the last quarter. Bennett Associates Wealth Management grew its holdings in shares of Analog Devices by 2.9% during the second quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company's stock worth $387,000 after purchasing an additional 46 shares during the last quarter. EFG Asset Management North America Corp. grew its holdings in shares of Analog Devices by 0.3% during the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock worth $2,866,000 after purchasing an additional 47 shares during the last quarter. Plimoth Trust Co. LLC grew its holdings in shares of Analog Devices by 1.8% during the second quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company's stock worth $624,000 after purchasing an additional 47 shares during the last quarter. Finally, Regatta Capital Group LLC grew its holdings in shares of Analog Devices by 4.5% during the second quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company's stock worth $268,000 after purchasing an additional 48 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ADI. Zacks Research upgraded Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Stifel Nicolaus raised their price target on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Truist Financial raised their price target on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a report on Thursday, August 21st. 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, September 30th. Finally, Wells Fargo & Company raised their price target on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $275.29.

Analog Devices Price Performance

Shares of ADI opened at $235.40 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The stock has a market cap of $115.81 billion, a P/E ratio of 60.05, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The stock's 50-day moving average price is $242.20 and its two-hundred day moving average price is $224.62.

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

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's payout ratio is 101.02%.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the transaction, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. The trade was a 45.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the transaction, the director owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,115 shares of company stock worth $12,232,985 over the last three months. Company insiders own 0.33% of the company's stock.

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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