Analog Devices, Inc. $ADI Stock: SVB Wealth LLC Cuts Stake

SVB Wealth LLC trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,127 shares of the semiconductor company’s stock after selling 3,928 shares during the quarter. SVB Wealth LLC’s holdings in Analog Devices were worth $7,588,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. IPG Investment Advisors LLC purchased a new position in shares of Analog Devices in the second quarter valued at $1,922,000. Birch Hill Investment Advisors LLC raised its position in Analog Devices by 18.5% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock worth $53,077,000 after purchasing an additional 20,889 shares during the period. Lazard Asset Management LLC grew its position in Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after acquiring an additional 101,298 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Analog Devices in the 2nd quarter valued at $500,414,000. Finally, Ieq Capital LLC purchased a new stake in Analog Devices in the second quarter worth $19,643,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADI shares. Morgan Stanley lifted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. upped their target price on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. TD Cowen raised their price target on Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Finally, Wells Fargo & Company cut their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Insider Buying and Selling at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the transaction, the chief financial officer directly owned 48,177 shares of the company’s stock, valued at approximately $18,763,014.42. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $425.46, for a total value of $4,254,600.00. Following the completion of the transaction, the chief executive officer directly owned 125,670 shares of the company’s stock, valued at approximately $53,467,558.20. The trade was a 7.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,436 shares of company stock worth $20,681,906. 0.36% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Shares of ADI opened at $409.29 on Friday. The company has a 50 day moving average price of $393.97 and a 200-day moving average price of $375.40. Analog Devices, Inc. has a fifty-two week low of $224.25 and a fifty-two week high of $445.91. The stock has a market capitalization of $198.33 billion, a PE ratio of 48.55, a PEG ratio of 0.99 and a beta of 1.24. 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 issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices’s revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts predict that Analog Devices, Inc. will post 12.88 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

About Analog Devices

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.