WASHINGTON TRUST Co Trims Stock Position in Analog Devices, Inc. $ADI

WASHINGTON TRUST Co trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,930 shares of the semiconductor company’s stock after selling 1,909 shares during the quarter. WASHINGTON TRUST Co’s holdings in Analog Devices were worth $23,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ADI. Brighton Jones LLC raised its position 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 buying an additional 529 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Analog Devices by 36.0% during the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after acquiring an additional 464 shares during the period. Hantz Financial Services Inc. lifted its position in Analog Devices by 1,046.4% in the second quarter. Hantz Financial Services Inc. now owns 3,015 shares of the semiconductor company’s stock valued at $718,000 after purchasing an additional 2,752 shares during the period. Savvy Advisors Inc. purchased a new stake in Analog Devices in the 2nd quarter valued at approximately $279,000. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Analog Devices by 22.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,327 shares of the semiconductor company’s stock worth $555,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of analyst reports. Robert W. Baird set a $365.00 price target on Analog Devices in a research note on Thursday, February 19th. Needham & Company LLC raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Thursday, February 19th. Stifel Nicolaus set a $405.00 price objective on shares of Analog Devices and gave the company a “buy” rating in a research note on Wednesday, February 18th. Citigroup reaffirmed a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Finally, Oppenheimer reiterated an “outperform” rating and set a $400.00 price target (up from $350.00) on shares of Analog Devices in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $366.96.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the transaction, the chief executive officer owned 155,688 shares of the company’s stock, valued at $47,783,760.96. This represents a 6.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Michael Sondel sold 8,169 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total value of $2,271,227.07. Following the completion of the transaction, the chief accounting officer owned 18,913 shares of the company’s stock, valued at $5,258,381.39. The trade was a 30.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 57,743 shares of company stock valued at $16,836,340. 0.36% of the stock is currently owned by insiders.

Analog Devices Price Performance

ADI stock opened at $355.79 on Monday. The stock’s 50 day moving average price is $310.48 and its 200 day moving average price is $269.80. The firm has a market cap of $173.70 billion, a P/E ratio of 65.04, a PEG ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $363.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.15. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date is Tuesday, March 3rd. Analog Devices’s payout ratio is presently 72.39%.

About Analog Devices

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.