Empirical Financial Services LLC d.b.a. Empirical Wealth Management Cuts Stock Holdings in Analog Devices, Inc. $ADI

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 66,520 shares of the semiconductor company’s stock after selling 3,717 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Analog Devices were worth $15,833,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC increased its stake in Analog Devices by 4.2% during the 2nd quarter. Synergy Asset Management LLC now owns 26,253 shares of the semiconductor company’s stock worth $6,249,000 after buying an additional 1,058 shares in the last quarter. Mattern Capital Management LLC grew its position in shares of Analog Devices by 2.0% in the second quarter. Mattern Capital Management LLC now owns 46,940 shares of the semiconductor company’s stock valued at $11,173,000 after purchasing an additional 913 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Analog Devices in the second quarter valued at approximately $105,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Analog Devices by 7.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 448,602 shares of the semiconductor company’s stock valued at $106,776,000 after purchasing an additional 31,492 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in shares of Analog Devices by 26.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 7,991 shares of the semiconductor company’s stock valued at $1,902,000 after purchasing an additional 1,669 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the completion of the transaction, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. This represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,240 shares of company stock valued at $12,737,838 over the last three months. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Noble Financial upgraded Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Truist Financial upped their price target on Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, August 21st. Raymond James Financial upgraded Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, June 18th. Barclays upped their price target on Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. Finally, KeyCorp upped their price target on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $275.29.

Analog Devices Trading Up 1.0%

ADI opened at $241.67 on Friday. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The stock has a market capitalization of $118.89 billion, a PE ratio of 61.65, a P/E/G ratio of 2.02 and a beta of 1.09. The business’s 50 day moving average price is $240.61 and its 200 day moving average price is $222.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The firm’s quarterly 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. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices’s dividend payout ratio is currently 101.02%.

About Analog Devices

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.