BlackRock Inc. bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 46,858,696 shares of the semiconductor company's stock, valued at approximately $18,610,868,000. BlackRock Inc. owned 9.62% of Analog Devices as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. ING Groep NV grew its stake in Analog Devices by 45.1% in the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after purchasing an additional 69,202 shares during the last quarter. Covenant Asset Management LLC bought a new stake in shares of Analog Devices in the 4th quarter valued at about $2,500,000. MGO One Seven LLC grew its position in shares of Analog Devices by 17.7% in the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock worth $12,352,000 after buying an additional 6,846 shares during the last quarter. Jones Kertz & Associates Inc. purchased a new position in Analog Devices in the fourth quarter worth $1,480,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Analog Devices by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock valued at $271,791,000 after purchasing an additional 23,531 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.
Insiders Place Their Bets
In other news, Director Karen Golz sold 1,000 shares of the company's stock in a transaction on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director owned 11,019 shares of the company's stock, valued at $4,295,536.77. This represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $49,926,294. This trade represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 105,274 shares of company stock worth $42,247,986 in the last three months. 0.36% of the stock is owned by insiders.
Analog Devices Trading Up 0.2%
Shares of Analog Devices stock opened at $390.28 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The stock's 50 day simple moving average is $390.93 and its 200-day simple moving average is $369.88. The stock has a market cap of $190.10 billion, a P/E ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.
Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the company earned $1.85 EPS. The company's revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price objective on shares of Analog Devices in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their target price on Analog Devices from $400.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Sunday, May 24th. Argus set a $460.00 price target on Analog Devices in a research note on Tuesday, May 26th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $441.00.
Get Our Latest Report on ADI
Analog Devices Company Profile
(
Free Report)
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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