Analog Devices, Inc. $ADI Shares Acquired by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its ADI stake slightly in the fourth quarter, now holding about 11.94 million shares valued at roughly $3.23 billion, or 2.44% of the company.
• Analog Devices reported strong quarterly results, with EPS of $3.09 topping estimates and revenue of $3.62 billion beating expectations; revenue also rose 37.2% year over year.
• The company declared a quarterly dividend of $1.10 per share and received multiple bullish analyst price-target increases, including JPMorgan raising its target to $450.

Geode Capital Management LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,941,135 shares of the semiconductor company's stock after acquiring an additional 28,806 shares during the period. Geode Capital Management LLC owned approximately 2.44% of Analog Devices worth $3,229,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ADI. Y.D. More Investments Ltd acquired a new stake in Analog Devices during the 3rd quarter valued at $32,000. LFA Lugano Financial Advisors SA lifted its stake in shares of Analog Devices by 92.9% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 65 shares during the period. Albion Financial Group UT raised its position in shares of Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock worth $33,000 after buying an additional 36 shares during the period. Entrust Financial LLC purchased a new position in shares of Analog Devices in the 4th quarter worth $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position in shares of Analog Devices by 61.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock worth $35,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Trading Down 0.7%

NASDAQ ADI opened at $416.88 on Thursday. Analog Devices, Inc. has a twelve month low of $210.80 and a twelve month high of $435.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The stock has a market cap of $203.06 billion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.19 and a beta of 1.19. The firm's 50 day moving average price is $367.82 and its two-hundred day moving average price is $320.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the previous year, the company posted $1.85 EPS. Analog Devices's revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 12.31 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be issued 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 is Tuesday, June 2nd. Analog Devices's payout ratio is currently 65.38%.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 30,000 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at $57,096,149.94. The trade was a 17.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 80,000 shares of company stock worth $31,519,000. Insiders own 0.36% of the company's stock.

More Analog Devices News

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

• Positive Sentiment: JPMorgan raised its price target on Analog Devices to $450 from $400 and kept an overweight rating, signaling confidence in additional upside. Benzinga report on JPMorgan price target increase
• Positive Sentiment: Analyst coverage has turned more favorable, with reports highlighting solid earnings estimate revisions and suggesting ADI could be poised for a near-term surge. Zacks report on earnings estimate revisions
• Positive Sentiment: ADI’s AI/data center business is showing strong momentum, with one report citing 90% growth in AI data center revenue and margin expansion from optical and power solutions. Yahoo Finance article on AI data center momentum
• Positive Sentiment: Management’s latest earnings call commentary emphasized stronger-than-expected industrial and data center demand, along with broad strength in analog and mixed-signal solutions. Yahoo Finance article on earnings call
• Neutral Sentiment: CEO Vincent Roche disclosed two sales of 30,000 shares each, totaling about $24.4 million, which may raise some investor caution but do not by themselves indicate a change in fundamentals.
• Neutral Sentiment: Broader tech-sector strength and record highs in the Nasdaq have also supported investor appetite for semiconductor names like ADI. Barchart market backdrop article

Analyst Upgrades and Downgrades

Several research analysts have commented on ADI shares. JPMorgan Chase & Co. raised their price objective on Analog Devices from $400.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday. Piper Sandler lifted their price target on Analog Devices from $250.00 to $360.00 and gave the stock a "neutral" rating in a research note on Thursday, February 19th. Oppenheimer lifted their price target on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Cantor Fitzgerald raised their target price on shares of Analog Devices from $400.00 to $510.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group raised their target price on shares of Analog Devices from $410.00 to $475.00 and gave the stock a "buy" rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $432.71.

About Analog Devices

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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