Analog Devices, Inc. $ADI Shares Sold by Glenview Trust Co

Glenview Trust Co reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 62,383 shares of the semiconductor company’s stock after selling 3,574 shares during the quarter. Glenview Trust Co’s holdings in Analog Devices were worth $24,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADI. Bridgewater Advisors Inc. boosted its holdings in Analog Devices by 1.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 27 shares during the last quarter. Silicon Valley Capital Partners grew its stake in shares of Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 27 shares during the period. Cornerstone Financial Management LLC increased its holdings in shares of Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after buying an additional 28 shares during the last quarter. 55 North Private Wealth LLC increased its holdings in shares of Analog Devices by 2.8% during the 3rd quarter. 55 North Private Wealth LLC now owns 1,018 shares of the semiconductor company’s stock worth $404,000 after buying an additional 28 shares during the last quarter. Finally, Eagle Wealth Advisors LLC increased its holdings in shares of Analog Devices by 2.1% during the 3rd quarter. Eagle Wealth Advisors LLC now owns 1,340 shares of the semiconductor company’s stock worth $532,000 after buying an additional 28 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

Analog Devices stock opened at $417.11 on Friday. The company’s 50 day simple moving average is $388.54 and its 200-day simple moving average is $371.13. The company has a market capitalization of $202.12 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data 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 firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Insider Transactions at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the transaction, the insider directly owned 40,428 shares in the company, valued at $16,437,216.24. This trade represents a 7.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Katsufumi Nakamura sold 1,200 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the sale, the insider directly owned 14,849 shares in the company, valued at $6,162,631.98. This represents a 7.48% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,436 shares of company stock worth $20,014,954. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Arete Research upped their price objective on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. KeyCorp lifted their target price on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, TD Cowen upped their price target on Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

About Analog Devices

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.