Private Trust Co. NA Sells 566 Shares of Analog Devices, Inc. $ADI

Private Trust Co. NA reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,394 shares of the semiconductor company’s stock after selling 566 shares during the period. Private Trust Co. NA’s holdings in Analog Devices were worth $808,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADI. Price T Rowe Associates Inc. MD increased its stake in Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock worth $2,304,098,000 after acquiring an additional 2,407,460 shares during the last quarter. Nuveen LLC purchased a new position in shares of Analog Devices during the first quarter valued at approximately $351,943,000. Amundi boosted its position in shares of Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after buying an additional 880,636 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Analog Devices by 229.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company’s stock valued at $160,695,000 after buying an additional 555,065 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Analog Devices by 211.9% during the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock valued at $150,295,000 after buying an additional 506,314 shares during the period. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Up 0.5%

Shares of NASDAQ:ADI opened at $242.87 on Friday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The stock has a market cap of $119.48 billion, a P/E ratio of 61.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The business’s 50 day moving average is $243.30 and its 200 day moving average is $225.47. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24.

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

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is 101.02%.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent analyst reports. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Seaport Res Ptn upgraded Analog Devices from a “strong sell” rating to a “hold” rating in a research report on Monday, July 21st. Truist Financial boosted their target price on Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, August 21st. Morgan Stanley boosted their target price on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Citigroup reiterated a “buy” rating and issued a $290.00 price target (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total transaction of $2,437,100.00. Following the sale, the chief executive officer owned 140,118 shares of the company’s stock, valued at approximately $34,148,157.78. This trade represents a 6.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,115 shares of company stock worth $12,232,985. 0.33% of the stock is currently owned by company insiders.

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.