Beacon Pointe Advisors LLC Purchases New Position in Analog Devices, Inc. $ADI

Key Points

• Beacon Pointe Advisors acquired 16,536 shares of Analog Devices during the second quarter, valued at approximately $6.6 million. Other institutions also initiated positions, with institutional investors collectively owning 86.81% of ADI.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue up 39.2% year over year. Analysts maintain a consensus “Buy” rating and a $454.63 target price.
• The company declared a quarterly dividend of $1.10 per share, equivalent to $4.40 annually and a 1.2% yield. Meanwhile, insiders sold nearly 49,000 shares worth $19.3 million over the past three months.

Beacon Pointe Advisors LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,536 shares of the semiconductor company's stock, valued at approximately $6,568,000.

Several other institutional investors also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. bought a new stake in Analog Devices during the 2nd quarter valued at $1,002,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Analog Devices during the second quarter valued at $1,210,000. Orion Capital Management LLC bought a new stake in shares of Analog Devices in the second quarter valued at about $44,000. Glenview Trust Co purchased a new stake in Analog Devices in the second quarter worth about $26,196,000. Finally, North Star Asset Management Inc. purchased a new stake in Analog Devices in the second quarter worth about $40,530,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $361.78 on Friday. 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 company has a market cap of $175.31 billion, a PE ratio of 42.92, a P/E/G ratio of 0.74 and a beta of 1.20. The business has a 50-day simple moving average of $382.77 and a two-hundred day simple moving average of $372.95. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted 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 firm had revenue of $4.02 billion for 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%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices's dividend payout ratio is presently 52.19%.

Analysts Set New Price Targets

ADI has been the topic of a number of research reports. Sanford C. Bernstein raised shares of Analog Devices from a "market perform" rating to an "outperform" rating and raised their target price for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. Oppenheimer upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Raymond James Financial reiterated an "outperform" rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a report on Monday, June 29th. Finally, Bank of America boosted their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices has a consensus rating of "Buy" and a consensus target price of $454.63.

Insider Buying and Selling at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the sale, the director directly owned 10,019 shares of the company's stock, valued at $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $49,926,294. The trade was a 6.78% decrease in their ownership of the stock. 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 48,957 shares of company stock worth $19,268,931 in the last three months. 0.36% of the stock is owned by company insiders.

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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