Vontobel Holding Ltd. Sells 1,767 Shares of Analog Devices, Inc. $ADI

Key Points

• Vontobel Holding Ltd. reduced its stake in Analog Devices, Inc. by 10.6%, selling 1,767 shares and holding 14,912 shares worth $3,549,000 as of the end of the second quarter.
• Analog Devices reported a 24.6% increase in revenue year-over-year, with earnings per share of $2.05, surpassing analysts' expectations.
• The company recently announced a quarterly dividend of $0.99 per share, equating to an annualized yield of 1.8%, though its payout ratio stands at 101.02%.

Vontobel Holding Ltd. lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,912 shares of the semiconductor company's stock after selling 1,767 shares during the period. Vontobel Holding Ltd.'s holdings in Analog Devices were worth $3,549,000 at the end of the most recent quarter.

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

Analog Devices Stock Down 5.3%

ADI stock opened at $225.32 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $110.85 billion, a PE ratio of 57.48, a PEG ratio of 2.00 and a beta of 1.09. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The business's 50 day simple moving average is $241.66 and its 200 day simple moving average is $224.11.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm's revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's payout ratio is currently 101.02%.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares of the company's stock, valued at $15,525,570. This represents a 16.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the completion of the transaction, the director directly owned 5,118 shares in the company, valued at approximately $1,242,343.32. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,240 shares of company stock valued at $12,980,578. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on ADI. Benchmark boosted their target price on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. UBS Group lowered their price target on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research report on Thursday, August 21st. Finally, KeyCorp boosted their price target on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $275.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.