Waverly Advisors LLC Sells 1,910 Shares of Analog Devices, Inc. $ADI

Waverly Advisors LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,826 shares of the semiconductor company’s stock after selling 1,910 shares during the quarter. Waverly Advisors LLC’s holdings in Analog Devices were worth $18,995,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in Analog Devices by 39,170.1% during the second quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company’s stock valued at $117,688,546,000 after buying an additional 295,563,249 shares during the period. BlackRock Inc. purchased a new position in shares of Analog Devices during the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE purchased a new position in Analog Devices during the 2nd quarter valued at $3,573,081,000. Norges Bank purchased a new stake in Analog Devices in the fourth quarter worth about $2,215,516,000. Finally, Legal & General Group Plc purchased a new position in shares of Analog Devices in the 2nd quarter valued at approximately $1,525,167,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADI. JPMorgan Chase & Co. increased their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. KeyCorp increased their target price on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Wells Fargo & Company dropped their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, Truist Financial increased their price target on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Buy” and an average price target of $457.97.

Insider Buying and Selling at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the sale, the director directly owned 10,019 shares of the company’s stock, valued at $3,752,115.50. This trade represents a 9.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. The trade was a 4.72% decrease in their position. 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 sold 38,515 shares of company stock worth $14,340,227 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

NASDAQ:ADI opened at $363.20 on Wednesday. The stock has a market capitalization of $175.99 billion, a P/E ratio of 43.08, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The stock has a 50-day moving average price of $375.90 and a 200 day moving average price of $374.46.

Analog Devices (NASDAQ:ADI) last issued its 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 firm had revenue of $4.02 billion during 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 for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. 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 fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 payout ratio is presently 52.19%.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.