Citizens Financial Group Inc. RI Acquires 4,300 Shares of Analog Devices, Inc. $ADI

Key Points

• Citizens Financial Group increased its Analog Devices stake by 51.5% in the third quarter, purchasing 4,300 shares and bringing its holdings to 12,649 shares worth approximately $5.02 million.
• Institutional investors own 86.81% of ADI, while analysts maintain a generally positive outlook: the stock has a consensus “Moderate Buy” rating and an average price target of $460.55.
• Analog Devices exceeded quarterly expectations with $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year, and declared a $1.10 quarterly dividend yielding about 1.1%.

Citizens Financial Group Inc. RI lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 51.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,649 shares of the semiconductor company's stock after purchasing an additional 4,300 shares during the period. Citizens Financial Group Inc. RI's holdings in Analog Devices were worth $5,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ADI. Contravisory Investment Management Inc. bought a new position in Analog Devices in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices in the second quarter valued at approximately $25,000. Nvwm LLC raised its stake in shares of Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 59 shares during the period. Dunhill Financial LLC acquired a new position in Analog Devices during the 2nd quarter worth approximately $32,000. Finally, Cornerstone Financial Management LLC increased its position in shares of Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. KeyCorp raised their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. BMO Capital Markets assumed coverage on Analog Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price objective on the stock. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Fundamental Research set a $550.00 price target on shares of Analog Devices in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average price target of $460.55.

Analog Devices Price Performance

Shares of ADI opened at $391.07 on Monday. The company has a market capitalization of $189.50 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. The business has a 50-day moving average of $383.75 and a 200-day moving average of $389.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. 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 announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during 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%. Analog Devices's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is 52.19%.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the transaction, the chief executive officer directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. The trade was a 4.72% decrease in their position. 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 sold 52,436 shares of company stock worth $20,014,954 over the last three months. 0.36% of the stock is currently owned by insiders.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

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