Sovereign Financial Group Inc. Raises Position in Analog Devices, Inc. $ADI

Sovereign Financial Group Inc. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,832 shares of the semiconductor company’s stock after buying an additional 206 shares during the period. Sovereign Financial Group Inc.’s holdings in Analog Devices were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Analog Devices by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company’s stock worth $9,975,681,000 after buying an additional 359,841 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Analog Devices by 26.7% during the first 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 buying an additional 2,407,460 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Analog Devices by 0.3% during the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company’s stock worth $793,616,000 after buying an additional 12,666 shares in the last quarter. Amundi boosted 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 worth $785,071,000 after buying an additional 880,636 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Analog Devices by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company’s stock worth $685,109,000 after buying an additional 63,566 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In related news, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president owned 13,549 shares of the company’s stock, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Martin Cotter sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. The trade was a 16.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,240 shares of company stock valued at $12,980,578. 0.33% of the stock is owned by corporate insiders.

Analog Devices Stock Performance

Shares of ADI opened at $225.32 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The company has a market capitalization of $110.85 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 1.90 and a beta of 1.09. The company’s 50 day simple moving average is $241.66 and its 200 day simple moving average is $224.32. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.8%. Analog Devices’s dividend payout ratio is presently 101.02%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ADI shares. Truist Financial boosted their price objective on shares of Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a report on Thursday, August 21st. Evercore ISI lifted their target price on shares of Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Barclays lifted their target price on shares of Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 21st. Cantor Fitzgerald lifted their target price on shares of Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Analog Devices in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $275.29.

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.