Town & Country Bank & Trust CO dba First Bankers Trust CO Cuts Stake in Analog Devices, Inc. $ADI

by · The Cerbat Gem

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 27.8% during the first quarter, HoldingsChannel.com reports. The firm owned 6,040 shares of the semiconductor company’s stock after selling 2,329 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Analog Devices were worth $1,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new position in Analog Devices during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices in the fourth quarter valued at about $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices in the fourth quarter worth about $27,000. Entrust Financial LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth about $33,000. Finally, Albion Financial Group UT grew its stake in shares of Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,442 shares of company stock valued at $40,422,954 in the last three months. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ADI shares. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Barclays raised their price target on shares of Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Truist Financial lifted their price objective 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. Finally, TD Cowen boosted their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $432.71.

View Our Latest Report on ADI

Analog Devices Stock Performance

Analog Devices stock opened at $434.46 on Monday. The stock has a 50-day moving average price of $401.55 and a 200 day moving average price of $341.19. The company has a market capitalization of $211.62 billion, a price-to-earnings ratio of 64.56, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. Analog Devices, Inc. has a 52 week low of $218.37 and a 52 week high of $439.70. 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:ADIGet Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company earned $1.85 EPS. Analog Devices’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Analog Devices’s payout ratio is currently 65.38%.

About Analog Devices

(Free Report)

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.

See Also

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