3,668 Analog Devices, Inc. $ADI Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI) by 62.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,180 shares of the semiconductor company’s stock after selling 3,668 shares during the period. Sigma Planning Corp’s holdings in Analog Devices were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Analog Devices during the second quarter valued at about $18,610,868,000. Bank of America Corp DE purchased a new stake in Analog Devices in the second quarter worth about $3,573,081,000. Van ECK Associates Corp increased its position in Analog Devices by 24.7% in the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after buying an additional 1,670,957 shares in the last quarter. Amundi increased its position in Analog Devices by 5.3% in the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after buying an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Analog Devices in the second quarter worth about $1,525,167,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Down 3.7%

Shares of Analog Devices stock opened at $417.11 on Friday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market capitalization of $202.12 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.33 and a beta of 1.22. The company has a fifty day moving average of $388.54 and a 200 day moving average of $371.13.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The business 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 quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the completion of the sale, the director directly owned 108,847 shares in the company, valued at approximately $45,720,093.88. The trade was a 1.28% decrease in their position. 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 52,436 shares of company stock worth $20,014,954 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ADI. Arete Research lifted their price objective on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Robert W. Baird boosted their price objective on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Piper Sandler set a $460.00 target price on shares of Analog Devices in a report on Tuesday, September 8th. Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, Needham & Company LLC raised their target price on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $460.55.

About Analog Devices

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.