DAVENPORT & Co LLC Sells 15,965 Shares of Analog Devices, Inc. $ADI

DAVENPORT & Co LLC trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 537,455 shares of the semiconductor company’s stock after selling 15,965 shares during the quarter. DAVENPORT & Co LLC owned 0.11% of Analog Devices worth $146,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Analog Devices by 36.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 464 shares in the last quarter. Waterloo Capital L.P. bought a new stake in shares of Analog Devices in the 2nd quarter worth about $290,000. Global Retirement Partners LLC acquired a new stake in shares of Analog Devices during the 2nd quarter worth about $1,243,000. Finally, Summit Global Investments increased its position in shares of Analog Devices by 1.4% during the 2nd quarter. Summit Global Investments now owns 4,801 shares of the semiconductor company’s stock worth $1,143,000 after purchasing an additional 67 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Benchmark boosted their price target on shares of Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Susquehanna lifted their target price on shares of Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a research note on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating and issued a $373.00 target price on shares of Analog Devices in a report on Thursday, February 19th. Finally, Wells Fargo & Company increased their price target on Analog Devices from $340.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $366.96.

Analog Devices Trading Up 3.1%

ADI opened at $321.83 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $157.12 billion, a PE ratio of 58.84, a PEG ratio of 1.43 and a beta of 1.00. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $363.20. The firm has a 50-day moving average price of $323.09 and a two-hundred day moving average price of $278.63.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business earned $1.63 earnings per share. Analog Devices’s quarterly revenue was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $4.40 annualized dividend and a yield of 1.4%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s dividend payout ratio (DPR) is currently 80.44%.

Insider Transactions at Analog Devices

In other news, CAO Michael Sondel sold 4,199 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the transaction, the chief accounting officer owned 14,740 shares of the company’s stock, valued at $5,321,434.80. This represents a 22.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $306.92, for a total value of $3,069,200.00. Following the completion of the transaction, the chief executive officer owned 155,688 shares in the company, valued at approximately $47,783,760.96. This represents a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 41,449 shares of company stock worth $12,336,069. Corporate insiders own 0.36% of the company’s stock.

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.