3,419 Analog Devices, Inc. $ADI Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,445 shares of the semiconductor company’s stock after selling 3,419 shares during the quarter. MGO One Seven LLC’s holdings in Analog Devices were worth $26,756,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the transaction, the chief executive officer directly owned 115,460 shares in the company, valued at $45,830,692.40. This represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the sale, the insider directly owned 40,428 shares in the company, valued at $16,437,216.24. This represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,436 shares of company stock worth $20,014,954 over the last ninety days. Insiders own 0.36% of the company’s stock.

Analog Devices Stock Down 3.7%

Shares of NASDAQ ADI opened at $417.11 on Friday. The firm has a market cap of $202.12 billion, a P/E ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. 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, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The firm’s 50 day moving average price is $388.54 and its 200 day moving average price is $371.13.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share 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 analyst estimates 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 quarter in the prior year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis 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 presently 52.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Evercore reduced their price target on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. TD Cowen upped their price target on Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, October 19th. KeyCorp upped their price target on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective for the company in a research note on Thursday, August 20th. Finally, Needham & Company LLC lifted their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average 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.