Wellington Management Group LLP Trims Position in Analog Devices, Inc. $ADI

Key Points

• Wellington Management cut its Analog Devices position by 52.2% in the second quarter, selling 1.20 million shares and retaining 1.09 million shares worth approximately $434.6 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported quarterly earnings of $3.45 per share and revenue of $4.02 billion, exceeding analyst estimates; revenue increased 39.2% year over year. Analysts maintain a broadly positive outlook, with an average “Buy” rating and a $454.63 price target.
• ADI shares opened at $361.78, down 3.4%, while the company declared a quarterly dividend of $1.10 per share, implying a 1.2% yield and a 52.19% payout ratio.

Wellington Management Group LLP trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 52.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,094,217 shares of the semiconductor company's stock after selling 1,196,913 shares during the period. Wellington Management Group LLP owned approximately 0.22% of Analog Devices worth $434,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ING Groep NV increased its holdings in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after purchasing an additional 69,202 shares in the last quarter. MGO One Seven LLC boosted its holdings in Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock worth $12,352,000 after buying an additional 6,846 shares in the last quarter. Natixis Advisors LLC grew its position in Analog Devices by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock valued at $271,791,000 after buying an additional 23,531 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after buying an additional 10,648 shares in the last quarter. Finally, National Pension Service increased its holdings in Analog Devices by 0.5% in the fourth quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company's stock valued at $367,212,000 after buying an additional 6,492 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Wells Fargo & Company cut their price target on Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a research note on Thursday, August 20th. BMO Capital Markets started coverage on Analog Devices in a report on Thursday, August 20th. They issued an "outperform" rating and a $430.00 price target for the company. Evercore reiterated an "outperform" rating and set a $474.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Seaport Research Partners raised Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $454.63.

Analog Devices Stock Down 3.4%

Shares of NASDAQ ADI opened at $361.78 on Friday. The firm has a market cap of $175.31 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20. The company's 50-day simple moving average is $382.77 and its 200-day simple moving average is $372.95. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company posted $2.05 EPS. Analog Devices's quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's payout ratio is presently 52.19%.

Insider Transactions at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the completion of the sale, the director owned 10,019 shares of the company's stock, valued at $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares of the company's stock, valued at $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 48,957 shares of company stock valued at $19,268,931 over the last ninety days. Company insiders own 0.36% of the company's stock.

Analog Devices Profile

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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