Merit Financial Group LLC Increases Stock Position in Analog Devices, Inc. $ADI

Merit Financial Group LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 58.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,769 shares of the semiconductor company’s stock after acquiring an additional 5,438 shares during the period. Merit Financial Group LLC’s holdings in Analog Devices were worth $3,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. raised its holdings in shares of Analog Devices by 284.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock valued at $6,262,000 after buying an additional 22,973 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Analog Devices in the first quarter valued at about $296,000. Keybank National Association OH raised its holdings in shares of Analog Devices by 85.8% in the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock valued at $5,461,000 after buying an additional 12,505 shares during the last quarter. Eastern Bank raised its holdings in shares of Analog Devices by 6.0% in the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 11,101 shares during the last quarter. Finally, McLean Asset Management Corp purchased a new stake in shares of Analog Devices in the second quarter valued at about $262,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Down 3.6%

Shares of ADI opened at $233.75 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $241.19 and its two-hundred day moving average is $223.76. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The firm has a market capitalization of $114.99 billion, a P/E ratio of 59.63, a PEG ratio of 2.04 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior 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 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. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. Analog Devices’s dividend payout ratio is currently 101.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Barclays boosted their price target on shares of Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price target on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $275.29.

Insiders Place Their Bets

In other news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the company’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 transaction of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,240 shares of company stock valued at $12,980,578. Corporate insiders own 0.33% of the company’s stock.

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.