Analog Devices, Inc. $ADI Stock: Sterling Capital Management LLC Cuts Stake

Sterling Capital Management LLC lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 146,898 shares of the semiconductor company’s stock after selling 1,810 shares during the period. Analog Devices accounts for about 1.2% of Sterling Capital Management LLC’s holdings, making the stock its 11th biggest position. Sterling Capital Management LLC’s holdings in Analog Devices were worth $58,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IPG Investment Advisors LLC bought a new position in Analog Devices in the 2nd quarter worth approximately $1,922,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock valued at $6,511,000 after acquiring an additional 10,648 shares during the period. Lazard Asset Management LLC raised its holdings in Analog Devices by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after acquiring an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Analog Devices during the second quarter worth $500,414,000. Finally, Ieq Capital LLC purchased a new stake in shares of Analog Devices during the second quarter worth $19,643,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

NASDAQ:ADI traded up $5.31 during trading hours on Friday, hitting $391.07. 2,484,459 shares of the company’s stock traded hands, compared to its average volume of 3,208,202. The firm has a market cap of $189.50 billion, a P/E ratio of 46.39, a P/E/G ratio of 1.19 and a beta of 1.22. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The business’s fifty day simple moving average is $383.75 and its two-hundred day simple moving average is $389.29. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $480.00 price target (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Needham & Company LLC increased their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Arete Research lifted their target price on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective for the company in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $460.55.

Insider Transactions at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares in the company, valued at $45,830,692.40. This represents a 7.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,436 shares of company stock valued at $20,014,954. 0.36% of the stock is owned by corporate insiders.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.