Analog Devices, Inc. $ADI Stock: Investment House LLC Decreases Stake

Investment House LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 67.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,044 shares of the semiconductor company’s stock after selling 2,137 shares during the quarter. Investment House LLC’s holdings in Analog Devices were worth $414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in Analog Devices during the 2nd quarter valued at $18,610,868,000. Bank of America Corp DE bought a new stake in shares of Analog Devices in the 2nd quarter worth $3,573,081,000. Van ECK Associates Corp grew its stake in shares of Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares in the last quarter. Amundi grew its stake in shares of Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after acquiring an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Analog Devices in the second quarter valued at about $1,525,167,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Up 1.4%

Shares of NASDAQ:ADI opened at $391.07 on Friday. The company has a market capitalization of $189.50 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 1.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The business has a fifty day moving average price of $383.75 and a two-hundred day moving average price of $389.29. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year 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, beating the consensus estimate 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 return on equity of 16.39% and a net margin of 29.79%. The business’s revenue was up 39.2% compared to the same quarter last year. During the same period last year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts forecast that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Insider Activity at Analog Devices

In other Analog Devices news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices 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 sale, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents 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. Over the last 90 days, insiders sold 52,436 shares of company stock worth $20,014,954. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADI has been the topic of a number of recent analyst reports. 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 research report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. KeyCorp upped their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Morgan Stanley increased their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices 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.