Bleakley Financial Group LLC Reduces Position in Analog Devices, Inc. $ADI

Bleakley Financial Group LLC lessened its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,797 shares of the semiconductor company’s stock after selling 784 shares during the quarter. Bleakley Financial Group LLC’s holdings in Analog Devices were worth $3,284,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its stake in Analog Devices by 284.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock worth $6,262,000 after buying an additional 22,973 shares during the last quarter. Keybank National Association OH grew its stake in Analog Devices by 85.8% during the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock worth $5,461,000 after buying an additional 12,505 shares during the last quarter. Equitable Trust Co. grew its stake in Analog Devices by 9.3% during the 2nd quarter. Equitable Trust Co. now owns 90,845 shares of the semiconductor company’s stock worth $21,623,000 after buying an additional 7,701 shares during the last quarter. Eastern Bank grew its stake in Analog Devices by 6.0% during the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock worth $39,664,000 after buying an additional 11,101 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Analog Devices by 108.2% during the 2nd quarter. Nordea Investment Management AB now owns 92,413 shares of the semiconductor company’s stock worth $21,927,000 after buying an additional 48,021 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the sale, the senior vice president directly owned 13,549 shares of the company’s stock, valued at $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,115 shares of company stock worth $12,232,985. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ADI shares. Morgan Stanley raised their price target on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Evercore ISI increased their price objective on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Barclays increased their price objective on Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 21st. Zacks Research raised Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Finally, Cantor Fitzgerald increased their price objective on Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $275.29.

Analog Devices Stock Up 1.2%

ADI opened at $243.29 on Friday. 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 business has a 50 day simple moving average of $244.23 and a 200-day simple moving average of $227.08. The stock has a market capitalization of $119.69 billion, a P/E ratio of 62.06, a P/E/G ratio of 2.03 and a beta of 1.09. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion during 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 company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Analog Devices Profile

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.