Analog Devices, Inc. $ADI Position Cut by Proficio Capital Partners LLC

Proficio Capital Partners LLC decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 16.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,146 shares of the semiconductor company’s stock after selling 1,985 shares during the quarter. Proficio Capital Partners LLC’s holdings in Analog Devices were worth $4,030,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ADI. Banque Transatlantique SA acquired a new stake in shares of Analog Devices in the 4th quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in Analog Devices during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices in the 2nd quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in Analog Devices in the 4th quarter worth about $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI opened at $362.14 on Tuesday. The firm has a market cap of $175.48 billion, a PE ratio of 42.96, a P/E/G ratio of 0.74 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $381.10 and a 200-day simple moving average of $373.56. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91.

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, 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%.Analog Devices’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 firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADI shares. BMO Capital Markets started coverage on Analog Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 target price on shares of Analog Devices in a research report on Wednesday, August 19th. Evercore reaffirmed an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price target on shares of Analog Devices in a research report on Monday, August 17th. Finally, Jefferies Financial Group increased their price target on Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $454.63.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $49,926,294. The trade was a 6.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the sale, the director directly owned 114,511 shares of the company’s stock, valued at $43,213,016.07. This represents a 1.22% 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. Insiders have sold a total of 31,363 shares of company stock worth $11,914,639 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

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.