Sax Wealth Advisors LLC Increases Position in Analog Devices, Inc. $ADI

Sax Wealth Advisors LLC lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 87.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,487 shares of the semiconductor company’s stock after buying an additional 5,811 shares during the period. Sax Wealth Advisors LLC’s holdings in Analog Devices were worth $2,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADI. Brighton Jones LLC lifted its stake in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 529 shares during the period. Capital Investment Advisors LLC increased its position in Analog Devices by 8.9% during the first quarter. Capital Investment Advisors LLC now owns 1,111 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 91 shares during the last quarter. Wesbanco Bank Inc. increased its position in Analog Devices by 6.2% during the first quarter. Wesbanco Bank Inc. now owns 8,286 shares of the semiconductor company’s stock worth $1,671,000 after purchasing an additional 484 shares during the last quarter. Courier Capital LLC increased its position in Analog Devices by 6.7% during the first quarter. Courier Capital LLC now owns 1,071 shares of the semiconductor company’s stock worth $216,000 after purchasing an additional 67 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its position in Analog Devices by 44.1% during the first quarter. Moss Adams Wealth Advisors LLC now owns 1,607 shares of the semiconductor company’s stock worth $324,000 after purchasing an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating and set a $290.00 price target (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Seaport Res Ptn raised shares of Analog Devices from a “strong sell” rating to a “hold” rating in a research report on Monday, July 21st. The Goldman Sachs Group initiated coverage on shares of Analog Devices in a research report on Thursday, July 10th. They set a “buy” rating and a $285.00 price target for the company. UBS Group dropped their price target on shares of Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, July 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.29.

Insider Buying and Selling

In related news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the completion of the sale, the director owned 155,071 shares in the company, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,240 shares of company stock worth $12,980,578. Company insiders own 0.33% of the company’s stock.

Analog Devices Trading Down 3.6%

NASDAQ ADI opened at $233.75 on Wednesday. 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 company has a market capitalization of $114.99 billion, a price-to-earnings ratio of 59.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The company’s fifty day moving average price is $241.19 and its two-hundred day moving average price is $223.76.

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

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.

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.