Sterling Capital Management LLC Sells 55,295 Shares of Analog Devices, Inc. $ADI

Sterling Capital Management LLC cut its position in Analog Devices, Inc. (NASDAQ:ADI) by 22.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 192,816 shares of the semiconductor company’s stock after selling 55,295 shares during the quarter. Analog Devices accounts for 1.2% of Sterling Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Sterling Capital Management LLC’s holdings in Analog Devices were worth $61,343,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Analog Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after acquiring an additional 503,970 shares in the last quarter. State Street Corp increased its holdings in Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after purchasing an additional 88,538 shares in the last quarter. Morgan Stanley raised its stake in shares of Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after purchasing an additional 194,535 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Analog Devices by 42.8% in the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after purchasing an additional 2,912,666 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $2,215,516,000. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADI. Wells Fargo & Company upped their price target on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Weiss Ratings downgraded shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Argus set a $460.00 price objective on shares of Analog Devices in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.43.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $411.95, for a total value of $411,950.00. Following the sale, the director directly owned 12,019 shares in the company, valued at $4,951,227.05. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at $57,096,149.94. This represents a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,442 shares of company stock worth $40,422,954 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

ADI opened at $387.14 on Friday. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $445.91. The firm has a 50-day moving average of $408.01 and a 200 day moving average of $345.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The firm has a market cap of $188.57 billion, a P/E ratio of 57.52, a PEG ratio of 1.17 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts expect that Analog Devices, Inc. will post 12.41 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s payout ratio is 65.38%.

Analog Devices Company 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.