Keebeck Wealth Management Sells 1,338 Shares of Analog Devices, Inc. $ADI

Keebeck Wealth Management trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,868 shares of the semiconductor company’s stock after selling 1,338 shares during the period. Keebeck Wealth Management’s holdings in Analog Devices were worth $4,094,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ADI. Caxton Associates LLP increased its position in Analog Devices by 23.1% during the 1st quarter. Caxton Associates LLP now owns 11,713 shares of the semiconductor company’s stock valued at $3,726,000 after purchasing an additional 2,200 shares during the period. Inceptionr LLC lifted its position in shares of Analog Devices by 46.1% in the 1st quarter. Inceptionr LLC now owns 4,177 shares of the semiconductor company’s stock worth $1,329,000 after purchasing an additional 1,318 shares during the period. Greenline Wealth Management LLC lifted its position in shares of Analog Devices by 953.5% in the 1st quarter. Greenline Wealth Management LLC now owns 748 shares of the semiconductor company’s stock worth $238,000 after purchasing an additional 677 shares during the period. Gibbs Wealth Management bought a new stake in shares of Analog Devices in the 1st quarter valued at $9,426,000. Finally, Lido Advisors LLC boosted its stake in shares of Analog Devices by 1.5% in the 1st quarter. Lido Advisors LLC now owns 166,697 shares of the semiconductor company’s stock valued at $53,034,000 after purchasing an additional 2,420 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ADI shares. Argus set a $460.00 target price on shares of Analog Devices in a research note on Tuesday, May 26th. Stifel Nicolaus upped their price target on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price target on Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Barclays lifted their price objective on Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Robert W. Baird boosted their price objective on Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $441.00.

Analog Devices Stock Down 1.7%

Shares of NASDAQ ADI opened at $380.20 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a market cap of $185.19 billion, a PE ratio of 56.49, a P/E/G ratio of 1.00 and a beta of 1.18. The company’s fifty day simple moving average is $402.84 and its 200 day simple moving average is $360.57. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The business’s revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s payout ratio is presently 65.38%.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the sale, the director owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 103,858 shares of company stock valued at $42,062,730 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Analog Devices 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.