Waverly Advisors LLC Sells 2,928 Shares of Analog Devices, Inc. $ADI

Waverly Advisors LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.6% in the first quarter, Holdings Channel reports. The firm owned 49,736 shares of the semiconductor company’s stock after selling 2,928 shares during the period. Waverly Advisors LLC’s holdings in Analog Devices were worth $15,823,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Banque Transatlantique SA bought a new position in Analog Devices in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $27,000. Evolution Wealth Management Inc. purchased a new stake in shares of Analog Devices in the first quarter valued at approximately $30,000. Finally, Albion Financial Group UT grew its stake in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 36 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Analog Devices news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director directly owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 103,858 shares of company stock worth $42,062,730. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ADI shares. Needham & Company LLC raised their price objective on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Citigroup increased their price target on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Evercore restated an “outperform” rating and set a $474.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Cantor Fitzgerald lifted 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, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Analog Devices in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $371.86 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $181.13 billion, a PE ratio of 55.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18. The stock’s fifty day simple moving average is $401.93 and its two-hundred day simple moving average is $361.24. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the company posted $1.85 EPS. The business’s revenue for the quarter was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, analysts expect that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s 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.