WASHINGTON TRUST Co Cuts Stock Holdings in Analog Devices, Inc. $ADI

WASHINGTON TRUST Co trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,930 shares of the semiconductor company’s stock after selling 1,909 shares during the period. WASHINGTON TRUST Co’s holdings in Analog Devices were worth $23,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new position in shares of Analog Devices in the 2nd quarter valued at about $25,000. Clayton Financial Group LLC acquired a new position in Analog Devices during the third quarter valued at approximately $31,000. Y.D. More Investments Ltd acquired a new position in Analog Devices during the third quarter valued at approximately $32,000. LFA Lugano Financial Advisors SA grew its stake in Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after buying an additional 65 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Analog Devices in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ADI shares. Truist Financial upped their price target on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Barclays increased their target price on Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Evercore restated an “outperform” rating and issued a $387.00 price target on shares of Analog Devices in a report on Thursday, February 19th. Robert W. Baird set a $365.00 price objective on shares of Analog Devices in a research note on Thursday, February 19th. Finally, Citigroup reissued a “buy” rating on shares of Analog Devices in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and an average price target of $366.96.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 8,169 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the transaction, the chief accounting officer directly owned 18,913 shares in the company, valued at $5,258,381.39. This trade represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,743 shares of company stock worth $16,836,340 over the last quarter. 0.36% of the stock is owned by corporate insiders.

Analog Devices Stock Up 0.4%

Shares of NASDAQ:ADI opened at $355.79 on Monday. The firm has a market cap of $173.70 billion, a PE ratio of 65.04, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a fifty day simple moving average of $310.48 and a 200 day simple moving average of $269.80. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $363.20.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.15. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, March 3rd. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s payout ratio is currently 72.39%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.