Annex Advisory Services LLC Increases Stock Position in Analog Devices, Inc. $ADI

Key Points

• Annex Advisory increased its stake in Analog Devices by 7,678.5% in Q4 to 132,001 shares worth about $35.8 million, and institutional investors now own roughly 86.81% of the stock.
• Analysts are broadly bullish — several firms raised targets (JPMorgan to $400, Stifel to $405), the consensus price target is $370.69 and the average rating is a "Moderate Buy".
• Strong Q4 results: ADI reported EPS $2.46 vs. $2.31 expected and revenue $3.16B vs. $3.10B, set Q2 guidance of $2.73–3.03 EPS, and raised its quarterly dividend to $1.10 ($4.40 annual).

Annex Advisory Services LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7,678.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,001 shares of the semiconductor company's stock after acquiring an additional 130,304 shares during the period. Annex Advisory Services LLC's holdings in Analog Devices were worth $35,799,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Amundi grew its position in Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company's stock worth $1,507,740,000 after purchasing an additional 1,922,302 shares during the period. Raymond James Financial Inc. grew its position in Analog Devices by 29.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company's stock worth $1,186,714,000 after purchasing an additional 1,091,004 shares during the period. SG Americas Securities LLC grew its position in Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company's stock worth $211,871,000 after purchasing an additional 752,411 shares during the period. Assenagon Asset Management S.A. grew its position in Analog Devices by 128.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,107,382 shares of the semiconductor company's stock worth $272,084,000 after purchasing an additional 622,433 shares during the period. Finally, Rafferty Asset Management LLC grew its position in Analog Devices by 47.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,802,338 shares of the semiconductor company's stock worth $428,992,000 after purchasing an additional 580,546 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADI. JPMorgan Chase & Co. lifted their target price on shares of Analog Devices from $320.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. Morgan Stanley reaffirmed an "overweight" rating and issued a $373.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. TD Cowen reaffirmed a "buy" rating on shares of Analog Devices in a research report on Thursday, February 19th. Finally, Stifel Nicolaus set a $405.00 price objective on shares of Analog Devices and gave the company a "buy" rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $370.69.

Analog Devices Trading Down 0.4%

Shares of ADI stock opened at $348.60 on Wednesday. Analog Devices, Inc. has a 1 year low of $170.39 and a 1 year high of $363.20. The firm has a fifty day moving average price of $329.57 and a 200-day moving average price of $287.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. The company has a market cap of $170.19 billion, a price-to-earnings ratio of 63.73, a PEG ratio of 1.61 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $4.40 annualized dividend and a yield of 1.3%. This is an increase from Analog Devices's previous quarterly dividend of $0.99. Analog Devices's payout ratio is currently 80.44%.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: Bank of America raised its price target on ADI to $425 and reaffirmed a Buy rating, implying meaningful upside versus recent levels — a direct catalyst for buying interest. Benzinga: Price target raise
• Positive Sentiment: Citi added ADI to an “upside 30‑day catalyst” watchlist and has a Buy rating with a $400 target, citing improving analog pricing and expectations for stronger-than-consensus results — reinforcing near-term analyst optimism. Why ADI Just Landed On A High-Conviction Watchlist
• Positive Sentiment: Multiple research pieces (Zacks and others) highlight ADI as a growth and momentum stock benefiting from AI-driven semiconductor demand, which supports longer-term revenue leverage and justifies premium multiples. Zacks: 3 Reasons Why ADI is an Incredible Growth Stock
• Positive Sentiment: Sector pieces placing ADI among top semiconductor picks cite easing supply concerns and robust AI-related demand (alongside NVDA, NXPI), which can lift sentiment across the group and drive multiple expansion for leaders. 4 Solid Semiconductor Stocks to Grab
• Positive Sentiment: Investor letters and coverage note ADI’s strength in core industrial and automotive end markets, providing durable, diversified demand beyond AI — a quality-growth argument investors like. InsiderMonkey: Gains from Industrial & Automotive
• Neutral Sentiment: Kalkine and Zacks analyst-blog mentions tie ADI’s outlook to broader semiconductor and AI rallies (led by NVIDIA). These are industry-level tailwinds but less company-specific catalysts. Kalkine: Powering the Next Wave
• Negative Sentiment: Several articles note that brokerage consensus and ABR metrics can be overly optimistic; reliance on sell‑side upgrades alone can produce short‑term volatility if forward results or margins disappoint. Yahoo: Brokers Suggest Investing — Read This

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the transaction, the director owned 123,821 shares of the company's stock, valued at approximately $39,288,403.30. This represents a 2.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael Sondel sold 4,199 shares of the company's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the completion of the transaction, the chief accounting officer directly owned 14,740 shares of the company's stock, valued at $5,321,434.80. This represents a 22.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 27,324 shares of company stock valued at $8,758,085. Company insiders own 0.36% of the company's stock.

Analog Devices Profile

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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