Stonebridge Financial Group LLC Cuts Stock Holdings in Analog Devices, Inc. $ADI

Stonebridge Financial Group LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 9.7% during the second quarter, Holdings Channel reports. The institutional investor owned 20,936 shares of the semiconductor company’s stock after selling 2,238 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Analog Devices were worth $8,315,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA bought a new stake in Analog Devices in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices in the fourth quarter worth $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices during the 4th quarter valued at $27,000. Evolution Wealth Management Inc. bought a new stake in Analog Devices during the 1st quarter valued at $30,000. Finally, Albion Financial Group UT boosted its position in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 36 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Argus set a $460.00 price objective on Analog Devices in a research report on Tuesday, May 26th. Wolfe Research restated an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Wells Fargo & Company lifted their price target on shares of Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $441.00.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 93,858 shares of company stock valued at $38,083,630. Insiders own 0.36% of the company’s stock.

Analog Devices Stock Down 1.5%

ADI stock opened at $361.88 on Tuesday. The business has a 50 day moving average of $397.48 and a 200 day moving average of $364.13. The firm has a market cap of $176.27 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.20. Analog Devices, Inc. has a twelve month low of $218.37 and a twelve month high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) 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 analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the business posted $1.85 EPS. Analog Devices’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, research analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed 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 yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s payout ratio is presently 65.38%.

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.