Cibc World Market Inc. Invests $22.97 Million in Analog Devices, Inc. $ADI

Key Points

• CIBC World Market invested approximately $22.97 million in Analog Devices during the second quarter, purchasing 57,840 shares. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported strong quarterly results, with revenue up 39.2% year over year to $4.02 billion and EPS of $3.45, exceeding estimates. Analysts remain broadly bullish, with an average “Buy” rating and a $447.13 price target, supported by AI and data-center demand.
• ADI declared a quarterly dividend of $1.10 per share, equating to a 1.2% annualized yield. However, insiders sold $30.3 million of stock over the past 90 days, while the shares’ elevated valuation leaves them exposed to interest-rate and multiple-contraction risks.

Cibc World Market Inc. purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 57,840 shares of the semiconductor company's stock, valued at approximately $22,972,000.

A number of other hedge funds have also recently made changes to their positions in ADI. ING Groep NV grew its stake in shares of Analog Devices by 45.1% in the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock worth $60,358,000 after purchasing an additional 69,202 shares during the last quarter. Covenant Asset Management LLC bought a new position in Analog Devices in the 4th quarter worth $2,500,000. MGO One Seven LLC raised its holdings in 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 purchasing an additional 6,846 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Analog Devices by 2.4% in the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after purchasing an additional 23,531 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Analog Devices by 108.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after buying an additional 10,648 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Wolfe Research reissued an "outperform" rating and issued a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. KeyCorp raised their target price on Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Finally, Morgan Stanley upped their price target on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research note on Thursday. Two research 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's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $447.13.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 114,511 shares in the company, valued at approximately $43,213,016.07. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the firm's stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director owned 11,019 shares of the company's stock, valued at approximately $4,295,536.77. This represents a 8.32% 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. Over the last 90 days, insiders sold 75,274 shares of company stock valued at $30,343,386. Company insiders own 0.36% of the company's stock.

Analog Devices Price Performance

ADI stock opened at $373.09 on Monday. The business has a 50 day moving average of $388.25 and a 200 day moving average of $371.50. The firm has a market cap of $180.79 billion, a PE ratio of 44.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS 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 for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The company's revenue for the quarter 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. On average, research analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $1.10 dividend. 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 payout ratio is presently 52.19%.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: Strong earnings and guidance: ADI reported record fiscal Q3 revenue of $4.02 billion, up about 40% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also exceeded expectations. Management’s fiscal Q4 EPS outlook of $3.71 to $4.01 points to continued momentum. Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: AI and data-center growth: Revenue from data-center applications reportedly more than doubled, while demand tied to AI infrastructure, power management, optical connectivity and energy systems is creating a multiyear growth opportunity. Management highlighted a potential 100-gigawatt data-center buildout by 2031. Analog Devices Q3 Earnings Call Highlights AI Power Growth Runway
• Positive Sentiment: Broad analyst support: JPMorgan raised its price target to $500 and maintained an Overweight rating. Needham, TD Cowen and Susquehanna also reiterated Buy-equivalent ratings, with targets ranging from $450 to $475. These revisions reflect confidence in AI demand, margin expansion and an improving industrial recovery. Analog Devices Is Cashing in on the AI Boom
• Neutral Sentiment: Relative investment appeal: Comparisons with Texas Instruments and dividend-focused AI investment ideas portray ADI as a financially solid way to gain analog-chip and AI exposure, though they do not represent new company-specific catalysts. ADI vs. TXN: Which Analog Processing Chip Stock Has an Edge Right Now?
• Negative Sentiment: Macro and valuation risks: Semiconductor stocks faced pressure from a sharp rise in the 30-year Treasury yield, which can weigh on high-valuation growth shares. One analysis also downgraded ADI, arguing that multiple contraction and elevated expectations could limit gains despite strong fundamentals. Chip Stocks Fell on Higher Treasury Yields

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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