Sterling Capital Management LLC Sells 1,810 Shares of Analog Devices, Inc. $ADI

Sterling Capital Management LLC decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,898 shares of the semiconductor company’s stock after selling 1,810 shares during the quarter. Analog Devices accounts for approximately 1.2% of Sterling Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Sterling Capital Management LLC’s holdings in Analog Devices were worth $58,276,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Analog Devices in the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices during the second quarter valued at approximately $3,573,081,000. Legal & General Group Plc bought a new stake in Analog Devices during the second quarter worth $1,525,167,000. Bank of New York Mellon Corp bought a new stake in Analog Devices during the second quarter worth $1,326,066,000. Finally, Primecap Management Co. CA purchased a new stake in Analog Devices in the 2nd quarter valued at $1,242,479,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

NASDAQ:ADI traded up $5.31 during trading on Friday, reaching $391.07. The company’s stock had a trading volume of 2,484,459 shares, compared to its average volume of 3,208,202. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The firm has a market cap of $189.50 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 1.19 and a beta of 1.22. The firm has a 50 day moving average of $383.75 and a 200-day moving average of $389.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts expect that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CFO Richard Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total value of $584,190.00. Following the transaction, the chief financial officer directly owned 48,177 shares in the company, valued at $18,763,014.42. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $420.04, for a total transaction of $594,776.64. Following the transaction, the director directly owned 108,847 shares of the company’s stock, valued at $45,720,093.88. This represents a 1.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,436 shares of company stock valued at $20,014,954 in the last three months. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler set a $460.00 price objective on Analog Devices in a research note on Tuesday, September 8th. Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. TD Cowen raised their price target on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Arete Research boosted their price target on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.