SMART Wealth LLC Sells 5,938 Shares of Analog Devices, Inc. $ADI

SMART Wealth LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 81.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,339 shares of the semiconductor company’s stock after selling 5,938 shares during the period. SMART Wealth LLC’s holdings in Analog Devices were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ING Groep NV increased its position in Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock valued at $60,358,000 after purchasing an additional 69,202 shares during the period. MGO One Seven LLC raised its holdings in shares of Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock valued at $12,352,000 after purchasing an additional 6,846 shares during the period. Natixis Advisors LLC increased its position in Analog Devices by 2.4% in the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company’s stock valued at $271,791,000 after buying an additional 23,531 shares in the last quarter. National Pension Service increased its holdings in shares of Analog Devices by 0.5% during the fourth quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company’s stock valued at $367,212,000 after acquiring an additional 6,492 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock valued at $6,511,000 after purchasing an additional 10,648 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Price Performance

NASDAQ ADI opened at $362.25 on Friday. 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 company has a market cap of $175.54 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The firm’s 50-day simple moving average is $377.17 and its two-hundred day simple moving average is $373.91.

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

Analog Devices Dividend Announcement

The firm also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADI. BMO Capital Markets initiated coverage on Analog Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective for the company. Fundamental Research set a $550.00 price target on Analog Devices in a research report on Monday, June 29th. Wells Fargo & Company dropped their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Morgan Stanley boosted their price objective on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, Raymond James Financial restated an “outperform” rating and issued a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $454.63.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the sale, the chief executive officer owned 134,660 shares of the company’s stock, valued at $47,983,397.80. The trade was a 6.91% 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, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The stock was 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 approximately $20,292,537.12. This represents a 4.72% decrease in their position. 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 have sold a total of 41,363 shares of company stock valued at $15,477,939 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Company Profile

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.