Analog Devices, Inc. $ADI Stock Holdings Increased by CoreCap Advisors LLC

Key Points

• CoreCap Advisors increased its Analog Devices stake by 13.3% in the third quarter, bringing its holdings to 22,996 shares valued at approximately $9.1 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $460.09, above the reported trading price of $405.93.
• Analog Devices reported better-than-expected quarterly results, including $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year. However, its roughly 48 times earnings valuation and recent insider sales could create near-term pressure if growth or guidance disappoints.

CoreCap Advisors LLC raised its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,996 shares of the semiconductor company's stock after buying an additional 2,704 shares during the quarter. CoreCap Advisors LLC's holdings in Analog Devices were worth $9,123,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ADI. BlackRock Inc. purchased a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $18,610,868,000. State Street Corp boosted its position in shares of Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock worth $6,369,833,000 after purchasing an additional 88,538 shares during the period. Bank of America Corp DE acquired a new stake in Analog Devices in the 2nd quarter valued at approximately $3,573,081,000. Van ECK Associates Corp raised its position in Analog Devices by 24.7% in the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock valued at $3,345,316,000 after purchasing an additional 1,670,957 shares during the period. Finally, Amundi raised its position in Analog Devices by 5.3% in the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock valued at $1,604,771,000 after purchasing an additional 254,632 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

More Analog Devices News

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

• Positive Sentiment: Analysts remain constructive. Bank of America identified ADI among the strongest analog semiconductor performers. The stock maintains a “Moderate Buy” consensus rating, with an average price target of approximately $460, above recent trading levels. Analog Devices, STMicro and TI seen as strongest analog performers: BofA
• Positive Sentiment: New customer and industry applications support growth prospects. Lekha Wireless is integrating ADI radio technology into 5G and 4G products. Separately, ADI is collaborating with Moët Hennessy and UC Davis on AI-enabled chemical-signature detection for wine production. These projects are strategically positive, although they are unlikely to materially affect near-term earnings. Lekha Wireless to integrate Analog Devices radio technology
• Neutral Sentiment: Fundamentals remain strong, but expectations are high. ADI’s latest quarter exceeded earnings and revenue estimates, while revenue increased 39.2% year over year. However, a valuation near 49 times earnings leaves the shares vulnerable to profit-taking if growth slows or guidance disappoints.
• Negative Sentiment: Recent insider selling is weighing on sentiment. CFO Richard Puccio sold 1,500 shares for about $632,000, and Director Ray Stata sold 1,416 shares for approximately $595,000. The transactions were made under pre-arranged Rule 10b5-1 plans and the executives retain substantial holdings, reducing their significance as a fundamental warning. Nevertheless, multiple recent insider sales can pressure the stock in the short term. Analog Devices SEC insider transaction filing

Wall Street Analyst Weigh In

Several research firms have recently commented on ADI. Wells Fargo & Company lowered their price target on Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a research report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. TD Cowen reissued a "buy" rating and set a $460.00 target price (up from $450.00) on shares of Analog Devices in a research note on Tuesday, September 8th. BMO Capital Markets initiated coverage on Analog Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $430.00 target price for the company. Finally, Morgan Stanley lifted their target price on Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $460.09.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the sale, the director directly owned 114,511 shares of the company's stock, valued at $43,213,016.07. The trade was a 1.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 46,631 shares of company stock worth $17,657,267. 0.36% of the stock is currently owned by company insiders.

Analog Devices Stock Down 1.0%

NASDAQ:ADI traded down $4.15 during midday trading on Thursday, reaching $405.93. The company had a trading volume of 3,703,405 shares, compared to its average volume of 4,050,445. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The firm has a market capitalization of $196.70 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 1.30 and a beta of 1.22. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $378.46 and its 200-day simple moving average is $382.55.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating 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 analysts' expectations of $3.92 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm's revenue 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, sell-side analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, September 1st. Analog Devices's payout ratio is 52.19%.

Analog Devices Company 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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