6,705 Shares of Analog Devices, Inc. $ADI Bought by Avity Investment Management Inc.

Key Points

• Avity Investment Management acquired 6,705 shares of Analog Devices during the third quarter, valued at approximately $2.66 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices reported quarterly earnings of $3.45 per share and revenue of $4.02 billion, exceeding analyst expectations; revenue grew 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, representing a 1.1% yield.
• Wall Street remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $460.09. However, the stock trades at roughly 48 times earnings, while insiders have sold about $19.8 million of shares over the past three months.

Avity Investment Management Inc. purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,705 shares of the semiconductor company's stock, valued at approximately $2,660,000.

A number of other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Analog Devices during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in shares of Analog Devices in the second quarter worth about $32,000. Cornerstone Financial Management LLC lifted its stake in shares of Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock worth $31,000 after buying an additional 28 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Analog Devices during the second quarter worth about $33,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Trading Up 0.1%

Shares of ADI traded up $0.26 during trading on Friday, reaching $406.19. 2,004,449 shares of the company traded hands, compared to its average volume of 4,039,902. The stock has a 50-day simple moving average of $379.24 and a 200-day simple moving average of $383.23. The stock has a market cap of $196.83 billion, a PE ratio of 48.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping 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 firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the business posted $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, analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently declared 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. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ADI shares. Robert W. Baird lifted their price objective on Analog Devices from $450.00 to $675.00 and gave the stock an "outperform" rating in a research report on Monday, August 24th. Wells Fargo & Company lowered their price target on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Thursday, August 20th. TD Cowen restated a "buy" rating and set a $460.00 price objective (up from $450.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Needham & Company LLC increased their price target on shares of Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Fundamental Research set a $550.00 price target on shares of Analog Devices in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $460.09.

Key Stories Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Analyst outlook remains constructive. TD Cowen maintained a Buy rating and a $460 price target, above ADI’s recent trading level. Wall Street’s broader consensus remains “Moderate Buy,” with an average target near $460. TD Cowen keeps $460 target for Analog Devices
• Positive Sentiment: ADI is expanding its communications technology footprint. India-based Lekha Wireless plans to integrate Analog Devices radio technology into 4G and 5G products. The agreement is unlikely to materially change near-term earnings, but it reinforces ADI’s exposure to communications infrastructure and 5G demand. Lekha Wireless to integrate Analog Devices technology
• Neutral Sentiment: Reported short interest was zero. The October 9 report lists no shares sold short and a 0.0-day short-interest ratio. This could remove a source of bearish pressure, although the unusual figure may reflect a reporting or data issue rather than a meaningful change in investor positioning.
• Neutral Sentiment: Strong fundamentals are balanced by a demanding valuation. ADI’s latest quarter exceeded earnings and revenue expectations, with revenue increasing 39.2% year over year. The stock trades at roughly 48 times earnings, leaving it vulnerable to profit-taking if growth or AI-related semiconductor demand disappoints.
• Negative Sentiment: Several insiders have sold shares. Director Ray Stata sold 1,416 shares for approximately $594,777, CFO Richard Puccio sold 1,500 shares for about $631,620, and Vivek Jain sold a combined 5,305 shares worth roughly $2.16 million. The transactions were made under pre-arranged Rule 10b5-1 plans and do not necessarily indicate weakening business prospects, but the cluster of sales may weigh on sentiment. Analog Devices insider buying and selling

Insiders Place Their Bets

In related news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the firm's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $421.08, for a total transaction of $631,620.00. Following the completion of the transaction, the chief financial officer directly owned 49,677 shares in the company, valued at $20,917,991.16. This trade represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction dated 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 transaction, the insider directly owned 40,428 shares of the company's stock, valued at approximately $16,437,216.24. This represents a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,936 shares of company stock valued at $19,820,594. Insiders own 0.36% of the company's stock.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company's product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.

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