Fifth Third Bancorp Sells 7,639 Shares of Analog Devices, Inc. $ADI

Fifth Third Bancorp decreased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 202,284 shares of the semiconductor company’s stock after selling 7,639 shares during the period. Fifth Third Bancorp’s holdings in Analog Devices were worth $80,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new position in shares of Analog Devices in the second quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the second quarter valued at approximately $25,000. Nvwm LLC boosted its holdings in Analog Devices by 590.0% in the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Cornerstone Financial Management LLC increased its position in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 28 shares during the period. Finally, Dunhill Financial LLC acquired a new stake in Analog Devices during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares in the company, valued at $16,437,216.24. The trade was a 7.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $407.28, for a total transaction of $576,708.48. Following the completion of the sale, the director owned 104,599 shares of the company’s stock, valued at $42,601,080.72. This represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,436 shares of company stock worth $20,681,906. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 0.1%

Shares of Analog Devices stock opened at $409.29 on Friday. Analog Devices, Inc. has a one year low of $224.25 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The stock’s 50-day moving average is $393.97 and its 200 day moving average is $375.40. The firm has a market cap of $198.33 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 0.99 and a beta of 1.24.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 12.88 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Analysts Set New Price Targets

ADI has been the subject of several analyst reports. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. TD Cowen increased their price objective on shares of Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a research report on Monday, October 19th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective for the company in a research report on Thursday, August 20th. Finally, Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

About Analog Devices

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.