Analog Devices, Inc. $ADI Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,224 shares of the semiconductor company’s stock after selling 15,214 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Analog Devices were worth $14,767,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Analog Devices in the second quarter worth $18,610,868,000. Bank of America Corp DE boosted its stake in Analog Devices by 5.2% during the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after acquiring an additional 501,604 shares during the last quarter. Van ECK Associates Corp boosted its stake in Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after acquiring an additional 1,670,957 shares during the last quarter. Amundi boosted its stake in Analog Devices by 5.3% during the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock valued at $1,604,771,000 after acquiring an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Analog Devices during the 2nd quarter worth $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $414.70 on Wednesday. The business’s fifty day moving average price is $381.59 and its 200 day moving average price is $385.14. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The stock has a market capitalization of $200.95 billion, a PE ratio of 49.19, a price-to-earnings-growth ratio of 1.25 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.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating 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 analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. 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 year.

Analog Devices Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. KeyCorp boosted their target price 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. Needham & Company LLC upped their target price on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, September 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Finally, Morgan Stanley lifted their price target on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $460.09.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the business’s 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 completion of the sale, the chief executive officer owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This represents a 7.97% decrease in their position. The sale 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, CFO Richard Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 50,936 shares of company stock valued at $19,430,764. Company insiders own 0.36% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.