Tower View Wealth Management LLC Reduces Holdings in Analog Devices, Inc. $ADI

Tower View Wealth Management LLC reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,178 shares of the semiconductor company’s stock after selling 210 shares during the period. Tower View Wealth Management LLC’s holdings in Analog Devices were worth $2,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADI. Price T Rowe Associates Inc. MD boosted its holdings in Analog Devices by 26.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock valued at $2,304,098,000 after purchasing an additional 2,407,460 shares during the last quarter. Nuveen LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at approximately $351,943,000. Amundi boosted its stake in shares of Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after buying an additional 880,636 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Analog Devices by 229.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company’s stock worth $160,695,000 after buying an additional 555,065 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Analog Devices by 211.9% during the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock worth $150,295,000 after buying an additional 506,314 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the transaction, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at $34,148,157.78. This trade represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,240 shares of company stock worth $12,737,838 over the last ninety days. 0.33% of the stock is owned by company insiders.

Analog Devices Price Performance

Shares of ADI opened at $241.67 on Friday. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The stock has a fifty day moving average price of $240.61 and a 200 day moving average price of $222.98. The company has a market cap of $118.89 billion, a P/E ratio of 61.65, a PEG ratio of 2.02 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.

Wall Street Analyst Weigh In

A number of research firms have commented on ADI. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Raymond James Financial raised Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, June 18th. Wells Fargo & Company upped their price objective on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Evercore ISI lifted their target price on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, KeyCorp boosted their price target on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.29.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.