Analog Devices, Inc. $ADI Stock: SteelPeak Wealth LLC Lowers Holdings

SteelPeak Wealth LLC trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 95.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,596 shares of the semiconductor company’s stock after selling 36,069 shares during the period. SteelPeak Wealth LLC’s holdings in Analog Devices were worth $633,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Robertson Stephens Wealth Management LLC boosted its position in Analog Devices by 71.0% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 4,613 shares of the semiconductor company’s stock worth $1,830,000 after buying an additional 1,916 shares during the period. Encompass More Asset Management grew its holdings in Analog Devices by 4.7% during the 3rd quarter. Encompass More Asset Management now owns 862 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 39 shares during the last quarter. Birch Hill Investment Advisors LLC grew its holdings in Analog Devices by 18.5% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock worth $53,077,000 after acquiring an additional 20,889 shares during the last quarter. USA Financial Formulas acquired a new position in Analog Devices in the 3rd quarter valued at approximately $1,200,000. Finally, Kintegral Advisory LLC increased its position in Analog Devices by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 5,985 shares of the semiconductor company’s stock valued at $2,374,000 after acquiring an additional 33 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. TD Cowen reaffirmed a “buy” rating and set a $460.00 price target (up from $450.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. KeyCorp boosted their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 price objective (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $460.09.

Insider Activity

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of 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 SEC filing for this sale provides additional information. Insiders have sold 50,936 shares of company stock valued at $19,430,764 in the last ninety days. 0.36% of the stock is owned by company insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $394.35 on Tuesday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The firm has a fifty day simple moving average of $382.96 and a 200 day simple moving average of $387.64. The company has a market capitalization of $191.09 billion, a PE ratio of 35.12, a P/E/G ratio of 1.22 and a beta of 1.22. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last released 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 business had revenue of $4.02 billion for 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 previous year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 12.99 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid 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 currently 52.19%.

Analog Devices Company 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.