Analog Devices, Inc. $ADI Shares Sold by Somerville Kurt F

Somerville Kurt F lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 89,783 shares of the semiconductor company’s stock after selling 843 shares during the quarter. Analog Devices accounts for about 3.6% of Somerville Kurt F’s holdings, making the stock its 9th biggest position. Somerville Kurt F’s holdings in Analog Devices were worth $21,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of ADI. Brighton Jones LLC boosted its holdings in Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in Analog Devices by 8.9% during the 1st quarter. Capital Investment Advisors LLC now owns 1,111 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 91 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in Analog Devices by 6.2% during the 1st quarter. Wesbanco Bank Inc. now owns 8,286 shares of the semiconductor company’s stock worth $1,671,000 after acquiring an additional 484 shares during the last quarter. Courier Capital LLC boosted its holdings in Analog Devices by 6.7% during the 1st quarter. Courier Capital LLC now owns 1,071 shares of the semiconductor company’s stock worth $216,000 after acquiring an additional 67 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in Analog Devices by 44.1% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,607 shares of the semiconductor company’s stock worth $324,000 after acquiring an additional 492 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 12,500 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. This represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,240 shares of company stock valued at $12,980,578. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ADI has been the topic of a number of recent analyst reports. Piper Sandler lifted their target price on Analog Devices from $215.00 to $245.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Barclays lifted their target price 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. Morgan Stanley lifted their target price on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Keefe, Bruyette & Woods upgraded Analog Devices to an “outperform” rating in a research note on Wednesday, June 18th. Finally, UBS Group lowered their target price on Analog Devices from $285.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $275.29.

Analog Devices Trading Down 3.6%

Shares of Analog Devices stock opened at $233.75 on Wednesday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The stock’s 50-day simple moving average is $241.19 and its 200 day simple moving average is $223.76. The stock has a market capitalization of $114.99 billion, a P/E ratio of 59.63, a P/E/G 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.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $1.58 EPS. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. 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 business also recently declared 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 was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. Analog Devices’s dividend payout ratio is currently 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.