Analog Devices, Inc. $ADI Stock: Kestra Advisory Services LLC Boosts Holdings

Key Points

• Kestra Advisory Services increased its Analog Devices stake by 260.6% in the third quarter, to 83,671 shares valued at about $33.2 million.
• Analog Devices beat quarterly earnings and revenue estimates, reporting EPS of $3.45 and revenue of $4.02 billion; revenue rose 39.2% year over year.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $460.55. The company also pays a quarterly dividend of $1.10 per share.

Kestra Advisory Services LLC lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 260.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,671 shares of the semiconductor company's stock after purchasing an additional 60,467 shares during the quarter. Kestra Advisory Services LLC's holdings in Analog Devices were worth $33,193,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new position in shares of Analog Devices during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC bought a new position in shares of Analog Devices in the 2nd quarter valued at about $25,000. Nvwm LLC increased its position in shares of Analog Devices by 590.0% in the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Dunhill Financial LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $32,000. Finally, Cornerstone Financial Management LLC increased its position in shares of Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Performance

Shares of ADI stock traded up $2.55 during trading on Friday, reaching $363.56. 6,867,790 shares of the company's stock were exchanged, compared to its average volume of 3,836,119. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $176.17 billion, a PE ratio of 43.13, a PEG ratio of 1.00 and a beta of 1.24. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The firm's fifty day moving average price is $390.52 and its 200-day moving average price is $373.48.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm posted $2.05 EPS. The company's quarterly 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, sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

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

Wall Street Analyst Weigh In

ADI has been the subject of several recent research reports. Evercore reduced their price target on Analog Devices from $474.00 to $462.00 and set an "outperform" rating for the company in a research report on Thursday, August 20th. Wall Street Zen downgraded Analog Devices from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley boosted their price target on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research report on Thursday, August 20th. TD Cowen upped their price objective on Analog Devices from $460.00 to $475.00 and gave the stock a "buy" rating in a research note on Monday, October 19th. Finally, Wells Fargo & Company dropped their price objective on Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $460.55.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $425.46, for a total value of $4,254,600.00. Following the transaction, the chief executive officer owned 125,670 shares of the company's stock, valued at approximately $53,467,558.20. This represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 1,500 shares of the stock in a transaction that occurred on 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 owned 48,177 shares in the company, valued at approximately $18,763,014.42. This trade represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,436 shares of company stock worth $20,681,906 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Analog Devices Profile

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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