Analog Devices, Inc. $ADI Stock: Foster Victor Wealth Advisors LLC Boosts Position

Key Points

• Foster Victor Wealth Advisors increased its Analog Devices stake by 46.8% in the third quarter to 31,566 shares valued at approximately $12.45 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices insiders sold shares recently, including CEO Vincent Roche’s $3.97 million sale and Vivek Jain’s $1.34 million sale; insiders have sold 52,436 shares worth about $20.0 million over the past 90 days.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $460.55. ADI also exceeded quarterly earnings and revenue expectations, reporting $3.45 in EPS and $4.02 billion in revenue.

Foster Victor Wealth Advisors LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 46.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 31,566 shares of the semiconductor company's stock after purchasing an additional 10,068 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Analog Devices were worth $12,448,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IPG Investment Advisors LLC purchased a new position in Analog Devices during the second quarter worth $1,922,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock worth $6,511,000 after acquiring an additional 10,648 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company's stock valued at $543,656,000 after acquiring an additional 101,298 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Analog Devices in the second quarter valued at $500,414,000. Finally, Ieq Capital LLC purchased a new stake in shares of Analog Devices in the second quarter valued at $19,643,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated 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 transaction, the chief executive officer directly 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 filing with the SEC, which is accessible through this hyperlink. 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 that occurred on 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 owned 40,428 shares of the company's stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 52,436 shares of company stock valued at $20,014,954. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

ADI has been the topic of a number of analyst reports. Fundamental Research set a $550.00 price objective on Analog Devices in a research note on Monday, June 29th. Weiss Ratings raised shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Wells Fargo & Company reduced their target price on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a report on Thursday, August 20th. Arete Research raised 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. Finally, Piper Sandler set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $460.55.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: TD Cowen raised its price target for Analog Devices (ADI) from $460 to $475 and reiterated a “buy” rating, signaling continued confidence in the company’s earnings outlook and potential upside. Benzinga analyst price target report
• Positive Sentiment: Analog Devices disclosed that Tutanota LLC is seeking to purchase up to 100,000 ADI shares for $525 each in an unsolicited mini-tender offer. Although ADI recommended that shareholders reject the offer, the premium price drew investor attention and may reinforce perceptions that the stock is valuable. Analog Devices mini-tender offer announcement
• Neutral Sentiment: Exchange-traded funds were reported to be buying Analog Devices shares on October 19, suggesting continued institutional demand, though the report did not identify the size or strategic significance of the purchases. ETF purchases of Analog Devices
• Negative Sentiment: Chief Financial Officer Richard Puccio sold 1,500 shares valued at approximately $584,000. The transaction reduced his direct holdings by 3.02%, but it was executed under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal about management’s view of ADI’s prospects. Richard Puccio insider transaction

Analog Devices Stock Performance

NASDAQ:ADI opened at $405.96 on Thursday. The firm's fifty day simple moving average is $383.63 and its 200 day simple moving average is $388.80. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The firm has a market capitalization of $196.72 billion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.22 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

About Analog Devices

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.

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