Analog Devices, Inc. $ADI Stock Purchased by Birch Hill Investment Advisors LLC

Key Points

• Birch Hill Investment Advisors increased its Analog Devices stake by 18.5% in the third quarter, purchasing 20,889 additional shares and bringing its holdings to 133,793 shares valued at approximately $53.1 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding analyst expectations, while revenue grew 39.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $460.09.
• KeyCorp raised its earnings forecasts and maintained a $525 price target, citing a stronger outlook for ADI’s profitability. The company is also partnering with InoBat on battery energy-storage systems for AI data centers, potentially expanding its exposure to data-center infrastructure demand.

Birch Hill Investment Advisors LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 18.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 133,793 shares of the semiconductor company's stock after purchasing an additional 20,889 shares during the period. Analog Devices makes up approximately 2.3% of Birch Hill Investment Advisors LLC's portfolio, making the stock its 17th biggest holding. Birch Hill Investment Advisors LLC's holdings in Analog Devices were worth $53,077,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Riverbend Wealth Management LLC lifted its holdings in Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 27 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in shares of Analog Devices by 1.5% in the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after acquiring an additional 27 shares in the last quarter. Silicon Valley Capital Partners boosted its stake in shares of Analog Devices by 4.2% in the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock worth $214,000 after acquiring an additional 27 shares during the last quarter. Cornerstone Financial Management LLC raised its stake in Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 28 shares during the last quarter. Finally, Strategy Asset Managers LLC boosted its position in Analog Devices by 2.1% during the third quarter. Strategy Asset Managers LLC now owns 1,439 shares of the semiconductor company's stock worth $571,000 after acquiring an additional 29 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: KeyCorp sharply increased its long-term earnings forecast. The firm raised its FY2027 EPS estimate to $17.88 from $15.32, implying substantially stronger expected profitability. It also lifted estimates for every quarter from Q4 2026 through Q4 2027, citing a more favorable outlook for Analog Devices’ earnings trajectory. KeyBanc keeps USD 525 target for Analog Devices stock
• Positive Sentiment: Near-term estimates were also raised. KeyCorp increased its FY2026 EPS forecast to $13.06 from $12.62 and raised its Q4 2026 estimate to $4.07 from $3.67. Forecasts for Q1 through Q4 2027 were raised to $4.17, $4.35, $4.63 and $4.74, respectively. These revisions put KeyCorp’s estimates above the current full-year consensus of $12.99 and reinforce its $525 target.
• Positive Sentiment: Analog Devices is partnering with InoBat on battery energy-storage systems for AI data centers. The collaboration could provide exposure to growing data-center power and energy-storage demand, although the announcement did not disclose financial terms or expected revenue. InoBat, Analog Devices to team up on BESS for AI data centres
• Neutral Sentiment: The stock has recently traded below KeyCorp’s $525 price objective, but the shares decreased even as analysts raised earnings expectations. That divergence suggests investors may be focused on valuation, broader semiconductor-market conditions or profit-taking rather than the upgraded forecasts alone.

Analog Devices Trading Down 2.1%

NASDAQ:ADI opened at $395.44 on Friday. The stock has a 50-day simple moving average of $382.76 and a 200-day simple moving average of $386.52. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a market cap of $191.62 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.22 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 12.99 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices's dividend payout ratio (DPR) is 52.19%.

Insider Transactions at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of the firm's stock in a transaction dated 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 sale, the insider owned 40,428 shares in the company, valued at $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. The trade was a 7.97% 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. Insiders have sold a total of 50,936 shares of company stock valued at $19,430,764 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of recent research reports. Evercore lowered their price objective on Analog Devices from $474.00 to $462.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, September 8th. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. TD Cowen reiterated a "buy" rating and set a $460.00 price target (up from $450.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Finally, BMO Capital Markets initiated coverage on Analog Devices in a research note on Thursday, August 20th. They set an "outperform" rating and a $430.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $460.09.

Analog Devices Company Profile

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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