TOWER TRUST & INVESTMENT Co Reduces Position in Analog Devices, Inc. $ADI

TOWER TRUST & INVESTMENT Co cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 19.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 529 shares during the period. Two Sigma Advisers LP bought a new position in Analog Devices in the 4th quarter valued at $1,471,000. Two Sigma Investments LP bought a new position in Analog Devices in the 4th quarter valued at $906,000. Wellington Management Group LLP grew its position in shares of Analog Devices by 67.7% during the 4th quarter. Wellington Management Group LLP now owns 72,698 shares of the semiconductor company’s stock valued at $15,445,000 after purchasing an additional 29,349 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in shares of Analog Devices by 6.0% in the first quarter. Quent Capital LLC now owns 1,649 shares of the semiconductor company’s stock worth $333,000 after purchasing an additional 94 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADI has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, August 21st. Stifel Nicolaus upped their price target on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Keefe, Bruyette & Woods raised shares of Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Seaport Res Ptn raised shares of Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Finally, Evercore ISI raised their target price on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.53.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the transaction, the director directly owned 155,071 shares of the company’s stock, valued at approximately $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on 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 directly owned 23,515 shares in the company, valued at $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,240 shares of company stock valued at $10,300,738. 0.33% of the stock is owned by insiders.

Analog Devices Trading Up 0.0%

Shares of ADI opened at $247.56 on Friday. The firm’s 50 day simple moving average is $239.79 and its 200 day simple moving average is $222.01. The company has a market capitalization of $121.79 billion, a P/E ratio of 63.15, a P/E/G ratio of 2.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices’s dividend payout ratio (DPR) is 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.