Live Oak Private Wealth LLC Trims Stock Position in Analog Devices, Inc. $ADI

Live Oak Private Wealth LLC trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,928 shares of the semiconductor company’s stock after selling 2,370 shares during the quarter. Analog Devices comprises 1.5% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 18th biggest position. Live Oak Private Wealth LLC’s holdings in Analog Devices were worth $11,489,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of Analog Devices during the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in Analog Devices in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in Analog Devices in the second quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in Analog Devices in the fourth quarter worth approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Stifel Nicolaus increased their price target on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Needham & Company LLC raised their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. KeyCorp boosted their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and upped their target price for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Analog Devices presently has an average rating of “Buy” and an average target price of $454.63.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director owned 10,019 shares of the company’s stock, valued at $3,752,115.50. This trade represents a 9.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 31,363 shares of company stock worth $11,914,639. 0.36% of the stock is currently owned by company insiders.

Analog Devices Price Performance

ADI stock opened at $354.52 on Wednesday. The business’s fifty day moving average price is $380.04 and its 200 day moving average price is $373.68. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a market capitalization of $171.79 billion, a PE ratio of 42.05, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20.

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

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.