Salvus Wealth Management LLC Sells 9,440 Shares of Analog Devices, Inc. $ADI

Salvus Wealth Management LLC lessened its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 69.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,153 shares of the semiconductor company’s stock after selling 9,440 shares during the quarter. Salvus Wealth Management LLC’s holdings in Analog Devices were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. BFI Infinity Ltd. raised its stake in shares of Analog Devices by 3.7% in the second quarter. BFI Infinity Ltd. now owns 11,678 shares of the semiconductor company’s stock valued at $4,638,000 after purchasing an additional 417 shares in the last quarter. Fulcrum Equity Management acquired a new stake in Analog Devices during the second quarter worth $207,000. Community Financial Services Group LLC increased its holdings in Analog Devices by 98.2% in the 2nd quarter. Community Financial Services Group LLC now owns 22,059 shares of the semiconductor company’s stock valued at $8,581,000 after buying an additional 10,932 shares during the period. Financial Management Professionals Inc. increased its holdings in Analog Devices by 74.8% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,437 shares of the semiconductor company’s stock valued at $571,000 after buying an additional 615 shares during the period. Finally, Harrell Investment Partners LLC raised its stake in shares of Analog Devices by 5.4% in the 2nd quarter. Harrell Investment Partners LLC now owns 32,755 shares of the semiconductor company’s stock valued at $13,009,000 after buying an additional 1,692 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Down 1.5%

ADI stock opened at $383.92 on Tuesday. The business has a fifty day moving average price of $394.22 and a 200 day moving average price of $367.04. Analog Devices, Inc. has a fifty-two week low of $223.44 and a fifty-two week high of $445.91. The stock has a market capitalization of $187.00 billion, a price-to-earnings ratio of 57.05, a P/E/G ratio of 1.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34.

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

Analog Devices Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Wells Fargo & Company increased their price target on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Bank of America raised their price target on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Barclays upped their price objective on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Truist Financial increased their target price on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $441.00.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total transaction of $534,355.92. Following the transaction, the director owned 114,511 shares in the company, valued at $43,213,016.07. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 105,274 shares of company stock worth $42,247,986 in the last quarter. Insiders own 0.36% of the company’s stock.

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.