Analog Devices, Inc. $ADI Stock: Fifth Third Bancorp Lowers Holdings

Fifth Third Bancorp cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,284 shares of the semiconductor company’s stock after selling 7,639 shares during the period. Fifth Third Bancorp’s holdings in Analog Devices were worth $80,248,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Analog Devices during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in Analog Devices in the second quarter valued at about $25,000. Nvwm LLC boosted its stake in Analog Devices by 590.0% in the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. Dunhill Financial LLC acquired a new stake in Analog Devices in the second quarter valued at about $32,000. Finally, Cornerstone Financial Management LLC grew its position in Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ADI. Morgan Stanley boosted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. Finally, Wall Street Zen cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’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 sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at $45,830,692.40. The trade was a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,436 shares of company stock valued at $20,681,906 over the last quarter. 0.36% of the stock is owned by company insiders.

Analog Devices Price Performance

Shares of ADI opened at $409.29 on Friday. Analog Devices, Inc. has a 12-month low of $224.25 and a 12-month high of $445.91. The business has a 50-day simple moving average of $393.97 and a two-hundred day simple moving average of $375.40. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $198.33 billion, a PE ratio of 36.33, a PEG ratio of 0.99 and a beta of 1.24.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $2.05 earnings per share. The business’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts anticipate that Analog Devices, Inc. will post 12.88 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Analog Devices Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.