Peterson Wealth Services Sells 85,468 Shares of Analog Devices, Inc. $ADI

Peterson Wealth Services lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 90.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,139 shares of the semiconductor company’s stock after selling 85,468 shares during the quarter. Peterson Wealth Services’ holdings in Analog Devices were worth $2,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. RKL Wealth Management LLC bought a new stake in Analog Devices in the 4th quarter valued at $220,000. Great Valley Advisor Group Inc. increased its holdings in Analog Devices by 25.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 1,498 shares of the semiconductor company’s stock valued at $407,000 after buying an additional 307 shares during the period. Kovack Advisors Inc. increased its holdings in Analog Devices by 399.0% in the 4th quarter. Kovack Advisors Inc. now owns 7,825 shares of the semiconductor company’s stock valued at $2,122,000 after buying an additional 6,257 shares during the period. ICICI Prudential Asset Management Co Ltd increased its holdings in Analog Devices by 4.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 7,858 shares of the semiconductor company’s stock valued at $2,131,000 after buying an additional 303 shares during the period. Finally, Qtron Investments LLC increased its holdings in Analog Devices by 9.7% in the 4th quarter. Qtron Investments LLC now owns 7,056 shares of the semiconductor company’s stock valued at $1,914,000 after buying an additional 623 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 5.0%

ADI opened at $412.13 on Friday. The firm’s 50-day simple moving average is $389.82 and its 200-day simple moving average is $334.10. The firm has a market cap of $200.74 billion, a price-to-earnings ratio of 61.24, a PEG ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a twelve month low of $218.37 and a twelve month high of $439.70.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm’s quarterly revenue was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s dividend payout ratio is 65.38%.

Insider Buying and Selling

In related news, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director owned 120,175 shares in the company, valued at $48,169,745.25. This represents a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 99,026 shares of company stock worth $39,447,281 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ADI shares. Stifel Nicolaus boosted their price target on shares of Analog Devices from $405.00 to $450.00 and gave the company a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. KeyCorp upped their target price on shares of Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Truist Financial upped their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $432.71.

Analog Devices Company 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.