Alps Advisors Inc. Acquires 14,761 Shares of Analog Devices, Inc. $ADI

Key Points

• Alps Advisors increased its Analog Devices stake by 492.5% in the third quarter, buying 14,761 shares and ending the quarter with 17,758 shares valued at about $7.05 million.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $460.55, with 29 analysts rating it Buy and three rating it Hold.
• Analog Devices beat quarterly earnings and revenue expectations, reporting EPS of $3.45 and revenue of $4.02 billion; revenue rose 39.2% year over year.

Alps Advisors Inc. raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 492.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,758 shares of the semiconductor company's stock after acquiring an additional 14,761 shares during the quarter. Alps Advisors Inc.'s holdings in Analog Devices were worth $7,045,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ullmann Wealth Partners Group LLC grew its stake in Analog Devices by 4.4% in the third quarter. Ullmann Wealth Partners Group LLC now owns 592 shares of the semiconductor company's stock valued at $235,000 after purchasing an additional 25 shares in the last quarter. Quest 10 Wealth Builders Inc. increased its position in Analog Devices by 23.8% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 130 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 25 shares during the last quarter. Petros Family Wealth LLC raised its stake in shares of Analog Devices by 0.8% during the 3rd quarter. Petros Family Wealth LLC now owns 3,377 shares of the semiconductor company's stock worth $1,340,000 after purchasing an additional 26 shares in the last quarter. Bridgewater Advisors Inc. raised its stake in shares of Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock worth $574,000 after purchasing an additional 27 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its stake in shares of Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock worth $214,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analyst Weigh In

ADI has been the subject of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Wall Street Zen cut shares of Analog Devices from a "buy" rating to a "hold" rating in a research note on Saturday. KeyCorp boosted their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Needham & Company LLC increased their price target on shares of Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Finally, Arete Research increased their price target on shares of Analog Devices from $487.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $460.55.

Analog Devices Stock Up 0.7%

Shares of ADI stock opened at $363.56 on Friday. The stock's 50 day simple moving average is $390.52 and its 200 day simple moving average is $373.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a market capitalization of $176.17 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 0.88 and a beta of 1.24.

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

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices's payout ratio is currently 52.19%.

Insider Buying and Selling

In other news, insider Vivek Jain sold 3,305 shares of the firm's stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares of the company's stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Puccio, Jr. sold 1,500 shares of the business's stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the transaction, the chief financial officer directly owned 48,177 shares of the company's stock, valued at $18,763,014.42. This represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,436 shares of company stock valued at $20,681,906 in the last quarter. Insiders own 0.36% of the company's stock.

About Analog Devices

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company's products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.

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