Analog Devices, Inc. $ADI Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 52.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,094,217 shares of the semiconductor company’s stock after selling 1,196,913 shares during the period. Wellington Management Group LLP’s holdings in Analog Devices were worth $434,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADI. Brighton Jones LLC boosted its position in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 529 shares during the last quarter. Sivia Capital Partners LLC raised its stake in 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 purchasing an additional 464 shares during the period. Ieq Capital LLC boosted its holdings in Analog Devices by 38.0% in the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock valued at $10,610,000 after purchasing an additional 12,276 shares during the last quarter. HUB Investment Partners LLC purchased a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $644,000. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of Analog Devices by 2.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock worth $14,322,000 after buying an additional 1,406 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Performance

NASDAQ:ADI opened at $361.78 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 50 day moving average price of $382.77 and a 200 day moving average price of $372.95. The stock has a market capitalization of $175.31 billion, a P/E ratio of 42.92, a PEG ratio of 0.74 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the company earned $2.05 earnings per share. The firm’s quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Activity at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director directly owned 10,019 shares of the company’s stock, valued at approximately $3,752,115.50. This represents a 9.08% 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 sold a total of 48,957 shares of company stock worth $19,268,931 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of a number of recent analyst reports. Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective on the stock in a report on Thursday, August 20th. Jefferies Financial Group lifted their target price on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and upped their price target for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upped their price target on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, TD Cowen reiterated a “buy” rating and set a $460.00 price target on shares of Analog Devices in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $454.63.

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.