Somerset Trust Co Sells 80 Shares of Analog Devices, Inc. $ADI

Somerset Trust Co cut its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,139 shares of the semiconductor company’s stock after selling 80 shares during the quarter. Analog Devices accounts for 2.1% of Somerset Trust Co’s portfolio, making the stock its 7th biggest holding. Somerset Trust Co’s holdings in Analog Devices were worth $6,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADI. Brighton Jones LLC lifted its stake in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares during the period. Graham Capital Management L.P. bought a new position in Analog Devices during the fourth quarter worth about $333,000. Man Group plc lifted its stake in Analog Devices by 8.2% during the fourth quarter. Man Group plc now owns 7,972 shares of the semiconductor company’s stock worth $1,694,000 after purchasing an additional 601 shares during the period. Raiffeisen Bank International AG bought a new position in Analog Devices during the fourth quarter worth about $1,619,000. Finally, Royal Bank of Canada lifted its stake in Analog Devices by 18.6% during the fourth quarter. Royal Bank of Canada now owns 2,529,223 shares of the semiconductor company’s stock worth $537,358,000 after purchasing an additional 395,969 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI stock opened at $245.21 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The company has a 50 day moving average price of $238.98 and a 200 day moving average price of $220.39. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The stock has a market capitalization of $120.63 billion, a PE ratio of 62.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company posted $1.58 EPS. Analog Devices’s revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices’s payout ratio is 101.02%.

Insider Activity at Analog Devices

In related news, SVP Katsufumi Nakamura sold 2,490 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president directly owned 63,048 shares of the company’s stock, valued at $15,525,570. This represents a 16.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,115 shares of company stock worth $9,529,113. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADI. Cfra Research cut shares of Analog Devices from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 22nd. Citigroup reiterated a “buy” rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. KeyCorp lifted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus lifted their target price on shares of Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $273.53.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.