Analog Devices, Inc. $ADI Stock Holdings Cut by Phraction Management LLC

Phraction Management LLC lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,290 shares of the semiconductor company’s stock after selling 55 shares during the quarter. Analog Devices accounts for approximately 5.2% of Phraction Management LLC’s investment portfolio, making the stock its 4th biggest holding. Phraction Management LLC’s holdings in Analog Devices were worth $16,254,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock worth $2,304,098,000 after purchasing an additional 2,407,460 shares during the last quarter. Nuveen LLC bought a new position in Analog Devices during the first quarter valued at $351,943,000. Amundi grew its holdings in Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after purchasing an additional 880,636 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Analog Devices by 229.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company’s stock valued at $160,695,000 after buying an additional 555,065 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Analog Devices by 211.9% in the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock valued at $150,295,000 after buying an additional 506,314 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Noble Financial upgraded shares of Analog Devices to an “outperform” rating in a research note on Wednesday, June 18th. Stifel Nicolaus boosted their price target on shares of Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Truist Financial upped their price target on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research note on Thursday, August 21st. Finally, UBS Group reduced their price objective on shares of Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $275.29.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares in the company, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the sale, the chief executive officer directly owned 23,515 shares of the company’s stock, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,240 shares of company stock worth $12,737,838 in the last three months. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 1.0%

ADI opened at $241.67 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The firm has a market capitalization of $118.89 billion, a P/E ratio of 61.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. The company has a fifty day moving average price of $240.61 and a 200-day moving average price of $222.98.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices’s payout ratio is 101.02%.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.