Castleark Management LLC Makes New Investment in Analog Devices, Inc. $ADI

Key Points

• Castleark Management bought 120,934 Analog Devices shares worth approximately $48.0 million, making ADI 1.3% of its portfolio and its 18th-largest holding. Institutional investors collectively own 86.81% of the company.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS versus a $3.34 consensus estimate and $4.02 billion in revenue, up 39.2% year over year. The company issued fourth-quarter 2026 EPS guidance of $3.71–$4.01.
• The company declared a quarterly dividend of $1.10, equivalent to $4.40 annually and a 1.2% yield. Analysts maintain a consensus “Buy” rating with an average price target of $454.63, above the reported $373.66 share price.

Castleark Management LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 120,934 shares of the semiconductor company's stock, valued at approximately $48,031,000. Analog Devices accounts for 1.3% of Castleark Management LLC's investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Analog Devices in the 2nd quarter worth about $18,610,868,000. State Street Corp grew its stake in Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock valued at $6,369,833,000 after acquiring an additional 88,538 shares in the last quarter. Morgan Stanley increased its holdings in shares of Analog Devices by 1.9% in the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock valued at $2,834,210,000 after purchasing an additional 194,535 shares during the period. Bank of America Corp DE lifted its position in shares of Analog Devices by 5.2% in the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock worth $3,250,341,000 after purchasing an additional 501,604 shares in the last quarter. Finally, Norges Bank purchased a new position in Analog Devices during the fourth quarter valued at approximately $2,215,516,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Trading Up 0.7%

Shares of NASDAQ:ADI opened at $373.66 on Wednesday. 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's 50-day moving average is $386.27 and its 200-day moving average is $372.29. The company has a market cap of $181.06 billion, a P/E ratio of 44.33, a P/E/G ratio of 0.75 and a beta of 1.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-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 for the quarter, topping 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 analysts' expectations of $3.92 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. The firm's revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

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

More Analog Devices News

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

• Positive Sentiment: Robert W. Baird raised its price target on Analog Devices to $675 from $450 and maintained an “outperform” rating, implying substantial potential upside based on the referenced price. The aggressive revision may reinforce bullish investor sentiment. Analog Devices To Rally Around 81%? Here Are 10 Top Analyst Forecasts For Monday
• Positive Sentiment: Analog Devices’ automotive business is reportedly growing faster than the overall vehicle market, helped by demand for advanced driver-assistance systems, infotainment and electric-vehicle powertrains. Continued momentum into the fourth quarter supports the company’s growth outlook. Can ADI's Automotive Segment Sustain Its Growth Momentum?
• Positive Sentiment: Coverage highlights Analog Devices as an indirect beneficiary of the artificial-intelligence buildout, with exposure to AI infrastructure without requiring the exceptionally high capital expenditures associated with some semiconductor peers. This 61-Year-Old Tech Stock Silently Became an AI Superstar
• Positive Sentiment: Analyst-oriented research points to ADI’s solid growth characteristics and argues that growth investors may be underappreciating its return potential. 3 Reasons Why Growth Investors Shouldn't Overlook Analog Devices
• Neutral Sentiment: Wall Street analyst coverage remains a key driver of investor decisions, but the article questions how reliably brokerage recommendations predict future performance. Wall Street Analysts Think Analog Devices Is a Good Investment: Is It?
• Neutral Sentiment: The reported August short-interest data shows zero shares short and a zero-day short-interest ratio, but the accompanying “NaN” change suggests a data-quality or reporting issue rather than a meaningful shift in positioning.
• Negative Sentiment: Semiconductor stocks broadly sold off as investors reduced risk ahead of Nvidia’s earnings, creating sector-wide pressure that could weigh on ADI despite its company-specific growth catalysts. Semiconductor Stocks Slide Ahead of NVIDIA Earnings

Insiders Place Their Bets

In related news, Director Ray Stata sold 1,416 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director directly owned 114,511 shares in the company, valued at $43,213,016.07. This represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares of the company's stock, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,274 shares of company stock valued at $17,889,486 over the last ninety days. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ADI shares. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Sunday, May 24th. Evercore reissued an "outperform" rating and issued a $474.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Argus set a $460.00 target price on Analog Devices in a report on Tuesday, May 26th. Raymond James Financial reaffirmed an "outperform" rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, KeyCorp increased their price target on Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $454.63.

Analog Devices Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source