Analog Devices, Inc. $ADI Shares Sold by TrinityBridge Ltd

TrinityBridge Ltd trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 319,565 shares of the semiconductor company’s stock after selling 5,600 shares during the quarter. Analog Devices comprises about 3.7% of TrinityBridge Ltd’s portfolio, making the stock its 7th biggest holding. TrinityBridge Ltd’s holdings in Analog Devices were worth $126,784,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Analog Devices in the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE acquired a new stake in shares of Analog Devices in the second quarter worth approximately $3,573,081,000. Van ECK Associates Corp boosted its stake in shares of Analog Devices by 24.7% in the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares during the last quarter. Amundi increased its position in shares of Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after purchasing an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Analog Devices during the second quarter worth approximately $1,525,167,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Up 1.7%

Shares of NASDAQ:ADI opened at $419.79 on Wednesday. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The stock has a market cap of $203.42 billion, a P/E ratio of 49.80, a PEG ratio of 1.00 and a beta of 1.24. The business has a fifty day moving average of $390.31 and a two-hundred day moving average of $372.32. 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 posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. The company’s quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Analysts Set New Price Targets

ADI has been the subject of several recent research reports. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Morgan Stanley lifted their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. Finally, Evercore dropped their price objective on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Insiders Place Their Bets

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the sale, the insider owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This represents a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,020 shares of company stock valued at $20,105,198 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.