SVB Wealth LLC Sells 2,008 Shares of Analog Devices, Inc. $ADI

SVB Wealth LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,055 shares of the semiconductor company’s stock after selling 2,008 shares during the quarter. SVB Wealth LLC’s holdings in Analog Devices were worth $9,157,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Banque Transatlantique SA purchased a new stake in shares of Analog Devices in the 4th quarter valued at $25,000. Contravisory Investment Management Inc. purchased a new position in Analog Devices in the 2nd quarter worth $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the second quarter worth $25,000. Hilton Head Capital Partners LLC bought a new stake in Analog Devices in the fourth quarter worth $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Analog Devices during the fourth quarter valued at about $27,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $363.20 on Wednesday. The company’s fifty day simple moving average is $375.90 and its two-hundred day simple moving average is $374.46. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The firm has a market cap of $175.99 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Needham & Company LLC raised their price objective on Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wells Fargo & Company lowered their target price on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. Jefferies Financial Group increased their target price on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Wolfe Research restated an “outperform” rating and set a $475.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Citigroup lifted their price target on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $457.97.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total value of $533,846.16. Following the completion of the sale, the director owned 117,343 shares in the company, valued at approximately $44,239,484.43. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the sale, the director owned 10,019 shares in the company, valued at approximately $3,752,115.50. This represents a 9.08% 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. Over the last 90 days, insiders sold 38,515 shares of company stock worth $14,340,227. 0.36% of the stock is currently owned by company insiders.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.