Analog Devices, Inc. $ADI Shares Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth increased its Analog Devices stake by 34% in the second quarter, purchasing 112,715 additional shares for a total position of 444,500 shares. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $457.97. Recent targets range from $430 to $500.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year. The company also declared a $1.10 quarterly dividend, equivalent to a 1.2% annualized yield.

Corient Private Wealth LP raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 444,500 shares of the semiconductor company's stock after buying an additional 112,715 shares during the quarter. Corient Private Wealth LP owned about 0.09% of Analog Devices worth $176,542,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Analog Devices by 39,170.1% during the second quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company's stock valued at $117,688,546,000 after buying an additional 295,563,249 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Analog Devices during the second quarter worth $18,610,868,000. Bank of America Corp DE acquired a new position in Analog Devices in the 2nd quarter worth about $3,573,081,000. Norges Bank acquired a new stake in Analog Devices in the fourth quarter valued at approximately $2,215,516,000. Finally, Legal & General Group Plc acquired a new stake in Analog Devices in the second quarter valued at approximately $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Wolfe Research reaffirmed an "outperform" rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Evercore reiterated an "outperform" rating and issued a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Wells Fargo & Company cut their target price on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a research report on Thursday, August 20th. Finally, BMO Capital Markets started coverage on shares of Analog Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price target for the company. Two 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 stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of "Buy" and an average target price of $457.97.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $362.85, for a total transaction of $513,795.60. Following the completion of the sale, the director owned 111,679 shares of the company's stock, valued at approximately $40,522,725.15. This represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the sale, the director directly owned 10,019 shares of the company's stock, valued at $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. 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 have sold 40,431 shares of company stock worth $14,987,547 in the last 90 days. Corporate insiders own 0.36% of the company's stock.

Analog Devices Trading Up 4.9%

Shares of NASDAQ ADI opened at $378.78 on Friday. The firm has a market capitalization of $183.54 billion, a P/E ratio of 44.93, a P/E/G ratio of 1.12 and a beta of 1.20. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company's 50 day simple moving average is $375.14 and its 200 day simple moving average is $374.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The business 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%.Analog Devices's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices's dividend payout ratio is presently 52.19%.

Key Analog Devices News

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

• Positive Sentiment: Edge-AI growth opportunity: Investors appear encouraged that ADI is adding embedded AI capabilities to its established analog, sensing and power-management portfolio. The acquisition could create cross-selling opportunities and diversify ADI’s AI exposure beyond data-center chips. Analog Devices to Buy Alif Semiconductor
• Positive Sentiment: Strong fundamental backdrop: ADI’s latest quarterly results exceeded expectations, with $3.45 in EPS and $4.02 billion in revenue. Revenue increased 39.2% year over year, and current guidance calls for fourth-quarter EPS of $3.71 to $4.01. TD Cowen has reiterated a Buy rating, while the broader analyst consensus remains positive.
• Neutral Sentiment: Insider selling: Director Ray Stata sold 1,416 shares for about $513,796, following CFO Richard Puccio’s sale of 1,500 shares worth approximately $545,475. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their value as signals of deteriorating management confidence.
• Negative Sentiment: Acquisition and valuation risks: The all-cash Alif purchase requires significant capital and carries integration and execution risk. With ADI trading at an elevated earnings multiple, investors may be less tolerant of delays, weak adoption or disappointing financial returns from the edge-AI strategy.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.

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