TrinityBridge Ltd Sells 5,600 Shares of Analog Devices, Inc. $ADI

TrinityBridge Ltd lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 319,565 shares of the semiconductor company’s stock after selling 5,600 shares during the quarter. Analog Devices comprises approximately 3.7% of TrinityBridge Ltd’s investment portfolio, making the stock its 7th largest holding. TrinityBridge Ltd owned 0.07% of Analog Devices worth $126,784,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ADI. BlackRock Inc. purchased a new stake in shares of Analog Devices in the 2nd quarter valued at $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices during the second quarter worth $3,573,081,000. Van ECK Associates Corp lifted its position in Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after purchasing an additional 1,670,957 shares during the period. Amundi lifted its position in Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock valued at $1,604,771,000 after purchasing an additional 254,632 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Analog Devices in the second quarter valued at $1,525,167,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on ADI. The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 price target (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Needham & Company LLC upped their target price on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Piper Sandler set a $460.00 price target on Analog Devices in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Stock Up 1.7%

ADI opened at $419.79 on Wednesday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week 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. The company has a fifty day moving average of $390.31 and a two-hundred day moving average of $372.32. The stock has a market capitalization of $203.42 billion, a price-to-earnings ratio of 49.80, a PEG ratio of 1.00 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Buying and Selling

In other news, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider directly owned 40,428 shares in the company, valued at $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the transaction, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 51,020 shares of company stock valued at $20,105,198. 0.36% of the stock is owned by company insiders.

Analog Devices Company Profile

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.