Valley National Advisers Inc. Sells 64 Shares of Analog Devices, Inc. $ADI

Valley National Advisers Inc. reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 0.6% in the second quarter, HoldingsChannel reports. The fund owned 10,150 shares of the semiconductor company’s stock after selling 64 shares during the period. Valley National Advisers Inc.’s holdings in Analog Devices were worth $2,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its stake in shares of 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 worth $6,262,000 after buying an additional 22,973 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Analog Devices in the first quarter worth $296,000. Keybank National Association OH increased its holdings in shares of Analog Devices by 85.8% during the first 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 increased its holdings in shares of Analog Devices by 6.0% during the first 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 purchased a new position in shares of Analog Devices in the 2nd quarter worth about $262,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Cantor Fitzgerald raised their price objective on shares of Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Analog Devices in a report on Saturday, September 27th. Truist Financial boosted their price objective on shares of Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a report on Thursday, August 21st. Seaport Res Ptn upgraded Analog Devices from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Finally, Barclays boosted their price target on Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $275.29.

Get Our Latest Report on Analog Devices

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at $34,148,157.78. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the transaction, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,240 shares of company stock valued at $12,737,838. Company insiders own 0.33% of the company’s stock.

Analog Devices Trading Up 0.1%

Shares of NASDAQ:ADI opened at $241.99 on Monday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The stock has a market capitalization of $119.05 billion, a price-to-earnings ratio of 61.73, a PEG ratio of 2.04 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The stock’s 50-day simple moving average is $240.89 and its two-hundred day simple moving average is $223.42.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices’s payout ratio is presently 101.02%.

Analog Devices Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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