Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 1,403 Shares of Analog Devices, Inc. $ADI

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,066 shares of the semiconductor company’s stock after selling 1,403 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Analog Devices were worth $10,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Archer Investment Corp boosted its position in shares of Analog Devices by 3,207.7% during the 1st quarter. Archer Investment Corp now owns 860 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 834 shares in the last quarter. Center for Financial Planning Inc. grew its stake in Analog Devices by 3.7% during the first quarter. Center for Financial Planning Inc. now owns 2,493 shares of the semiconductor company’s stock worth $793,000 after purchasing an additional 88 shares during the period. TFR Capital LLC. increased its holdings in Analog Devices by 3.6% in the first quarter. TFR Capital LLC. now owns 1,572 shares of the semiconductor company’s stock worth $500,000 after purchasing an additional 55 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Analog Devices by 1.5% in the first quarter. Principal Financial Group Inc. now owns 557,221 shares of the semiconductor company’s stock worth $177,274,000 after purchasing an additional 8,047 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in Analog Devices by 13.3% in the first quarter. Chicago Partners Investment Group LLC now owns 2,386 shares of the semiconductor company’s stock valued at $759,000 after buying an additional 280 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on ADI shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $430.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Cantor Fitzgerald boosted their target price on shares of Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Truist Financial increased their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Jefferies Financial Group increased their target price on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $440.14.

Analog Devices Stock Down 2.4%

Shares of NASDAQ ADI opened at $386.01 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The company has a 50-day moving average price of $408.54 and a 200-day moving average price of $354.50. The stock has a market capitalization of $188.02 billion, a P/E ratio of 57.36, a P/E/G ratio of 1.11 and a beta of 1.18. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91.

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

Analog Devices Announces Dividend

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

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total value of $3,897,500.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $53,605,435.50. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were 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 approximately $4,951,227.05. This trade represents a 7.68% 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. In the last three months, insiders have sold 102,858 shares of company stock worth $41,672,900. Company insiders own 0.36% of the company’s stock.

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.