30,348 Shares in Analog Devices, Inc. $ADI Bought by Vise Technologies Inc.

Key Points

• Vise Technologies bought 30,348 shares of Analog Devices worth approximately $12.04 million during the third quarter. Institutional investors collectively own 86.81% of ADI’s outstanding shares.
• Analog Devices reported strong quarterly results, with EPS of $3.45 beating estimates and revenue rising 39.2% year over year to $4.02 billion. The company also declared a $1.10 quarterly dividend, equal to a 1.1% annualized yield.
• Wall Street remains bullish, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $460.55, above its reported opening price of $417.11.

Vise Technologies Inc. purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 30,348 shares of the semiconductor company's stock, valued at approximately $12,040,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Analog Devices in the second quarter worth $18,610,868,000. Bank of America Corp DE bought a new position in shares of Analog Devices during the second quarter valued at $3,573,081,000. Legal & General Group Plc purchased a new position in shares of Analog Devices in the 2nd quarter worth about $1,525,167,000. Bank of New York Mellon Corp purchased a new position in shares of Analog Devices in the 2nd quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA purchased a new position in shares of Analog Devices in the 2nd quarter worth about $1,242,479,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the sale, the chief executive officer owned 115,460 shares of the company's stock, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the business's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total transaction of $498,024.00. Following the sale, the insider owned 14,849 shares of the company's stock, valued at approximately $6,162,631.98. This represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,436 shares of company stock worth $16,384,954 in the last 90 days. Insiders own 0.36% of the company's stock.

Analog Devices Price Performance

NASDAQ ADI opened at $417.11 on Monday. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The stock has a 50-day moving average of $388.54 and a 200 day moving average of $371.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market capitalization of $202.12 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the prior year, the business earned $2.05 EPS. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices's dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADI. The Goldman Sachs Group reissued a "buy" rating and set a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. BMO Capital Markets began coverage on shares of Analog Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price target on the stock. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Sunday, October 25th. Finally, Sanford C. Bernstein upgraded shares of Analog Devices from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $460.55.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.