Algert Global LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,758 shares of the semiconductor company's stock, valued at approximately $7,450,000.
Other institutional investors have also modified their holdings of the company. ING Groep NV grew its stake in Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after acquiring an additional 69,202 shares in the last quarter. Covenant Asset Management LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $2,500,000. MGO One Seven LLC grew its position in Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock valued at $12,352,000 after purchasing an additional 6,846 shares in the last quarter. Natixis Advisors LLC grew its position in Analog Devices by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock valued at $271,791,000 after purchasing an additional 23,531 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Analog Devices by 108.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after buying an additional 10,648 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.
Analog Devices Trading Down 0.5%
Analog Devices stock opened at $371.80 on Thursday. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company's fifty day moving average price is $385.42 and its two-hundred day moving average price is $372.64. 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 company has a market capitalization of $180.16 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 0.76 and a beta of 1.20.
Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly 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 company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.
Analog Devices Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.
Insider Activity at Analog Devices
In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the company's 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 sale, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company's stock, valued at approximately $49,926,294. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 45,274 shares of company stock valued at $17,889,486. Company insiders own 0.36% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on ADI. Wolfe Research reissued an "outperform" rating and set a $475.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. BMO Capital Markets began coverage on shares of Analog Devices in a research note on Thursday, August 20th. They issued an "outperform" rating and a $430.00 price target on the stock. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Robert W. Baird lifted their price objective on Analog Devices from $450.00 to $675.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Bank of America boosted their target price on Analog Devices from $425.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Analog Devices currently has an average rating of "Buy" and an average price target of $454.63.
Check Out Our Latest Stock Analysis on Analog Devices
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.
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