Cardinal Capital Management Inc. purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,190 shares of the semiconductor company's stock, valued at approximately $283,000.
Other large investors have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft lifted its holdings in shares of Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company's stock worth $270,000 after purchasing an additional 43 shares during the period. EFG Asset Management North America Corp. lifted its holdings in Analog Devices by 0.3% in the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock valued at $2,866,000 after acquiring an additional 47 shares during the period. Heritage Financial Services LLC lifted its holdings in Analog Devices by 1.6% in the first quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock valued at $669,000 after acquiring an additional 53 shares during the period. Hemington Wealth Management lifted its holdings in Analog Devices by 11.4% in the first quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock valued at $108,000 after acquiring an additional 55 shares during the period. Finally, Continuum Advisory LLC lifted its holdings in Analog Devices by 14.8% in the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after acquiring an additional 57 shares during the period. 86.81% of the stock is owned by institutional investors.
Analog Devices Stock Performance
ADI traded down $0.73 during midday trading on Tuesday, reaching $246.61. The company's stock had a trading volume of 1,022,777 shares, compared to its average volume of 3,868,319. The company has a fifty day simple moving average of $239.26 and a 200 day simple moving average of $221.17. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The stock has a market cap of $121.32 billion, a P/E ratio of 62.91, a PEG ratio of 2.07 and a beta of 1.08.
Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.
Analog Devices Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's payout ratio is 101.02%.
Wall Street Analyst Weigh In
ADI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Stifel Nicolaus lifted their price target on Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Finally, Noble Financial upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $273.53.
Read Our Latest Research Report on Analog Devices
Insiders Place Their Bets
In other news, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the sale, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,240 shares of company stock valued at $10,300,738 in the last three months. Insiders own 0.33% of the company's stock.
Analog Devices Profile
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Free Report)
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.
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