Empirical Financial Services LLC d.b.a. Empirical Wealth Management Cuts Stock Position in Analog Devices, Inc. $ADI

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 4.0% in the first quarter, Holdings Channel reports. The firm owned 34,066 shares of the semiconductor company’s stock after selling 1,403 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Analog Devices were worth $10,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new position in shares of Analog Devices in the 4th quarter worth about $25,000. Evolution Wealth Management Inc. purchased a new stake in Analog Devices during the first quarter worth about $30,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices during the fourth quarter worth about $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices in the fourth quarter worth about $27,000. Finally, Entrust Financial LLC bought a new stake in Analog Devices in the fourth quarter worth about $33,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADI has been the subject of a number of research reports. Argus set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, May 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Needham & Company LLC upped their price objective on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Cantor Fitzgerald increased their price objective on Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Truist Financial raised their target price on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $440.14.

Insider Activity

In related news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This represents a 23.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,432 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the sale, the director owned 120,175 shares in the company, valued at $48,169,745.25. This represents a 1.18% 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. Insiders have sold a total of 102,858 shares of company stock valued at $41,672,900 over the last ninety days. 0.36% of the stock is owned by insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $386.01 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $445.91. The stock has a market cap of $188.02 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The stock has a fifty day moving average of $408.54 and a 200-day moving average of $354.50.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the prior year, the firm posted $1.85 EPS. The firm’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 12.41 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is presently 65.38%.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.