Absher Wealth Management LLC Cuts Position in Analog Devices, Inc. $ADI

Absher Wealth Management LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 10.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 116,855 shares of the semiconductor company’s stock after selling 13,200 shares during the period. Analog Devices comprises about 4.4% of Absher Wealth Management LLC’s holdings, making the stock its 6th largest position. Absher Wealth Management LLC’s holdings in Analog Devices were worth $37,176,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. J. Safra Sarasin Holding AG lifted its holdings in Analog Devices by 176.6% in the first quarter. J. Safra Sarasin Holding AG now owns 98,279 shares of the semiconductor company’s stock worth $31,223,000 after buying an additional 62,747 shares during the period. Hibernia Wealth Partners LLC purchased a new position in shares of Analog Devices during the 1st quarter worth approximately $247,000. Procyon Advisors LLC grew its holdings in shares of Analog Devices by 9.6% during the 1st quarter. Procyon Advisors LLC now owns 1,376 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 120 shares during the period. Diversify Wealth Management LLC bought a new position in shares of Analog Devices in the 1st quarter worth approximately $1,213,000. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Analog Devices by 3.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 7,238 shares of the semiconductor company’s stock valued at $2,303,000 after purchasing an additional 222 shares during the period. 86.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the sale, the director owned 12,019 shares of the company’s stock, valued at $4,951,227.05. This represents a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 102,858 shares of company stock worth $41,672,900 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $395.65 on Monday. 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 stock has a market capitalization of $192.72 billion, a PE ratio of 58.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $445.91. The company has a 50-day simple moving average of $408.87 and a two-hundred day simple moving average of $353.73.

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

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: ADI continues to benefit from strong operating results, including a recent earnings beat, revenue growth of 37.2% year over year, and quarterly guidance that remains above prior expectations, which supports the stock’s longer-term outlook.
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple Buy ratings and an average price target above the current trading range, suggesting analysts still see upside in Analog Devices.
• Positive Sentiment: Earlier coverage highlighted a new $3.0 billion revolving credit facility and the company’s more than $1 billion Oregon facility expansion, both of which improve financial flexibility and reinforce long-term growth capacity. Analog Devices (ADI) Could Be 16% Undervalued As It Secures A $3.0b Credit Facility
• Neutral Sentiment: Recent market articles said ADI has generally outperformed the broader market, but also noted it lagged some semiconductor peers on certain trading days, pointing to steady but not decisive momentum. Analog Devices (ADI) Surpasses Market Returns: Some Facts Worth Knowing
• Negative Sentiment: Director Ray Stata sold 1,416 shares in a pre-arranged Rule 10b5-1 plan. The sale was disclosed and appears routine, but insider selling can still slightly weigh on investor sentiment. SEC Form 4 for Ray Stata transaction

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADI. Truist Financial upped their price target on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Barclays upped their target price on shares of Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Raymond James Financial reissued an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Fundamental Research set a $550.00 price target on Analog Devices in a research report on Monday, June 29th. Finally, Citigroup upped their price target on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $439.79.

About Analog Devices

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.