Citizens Financial Group Inc. RI Invests $3.32 Million in Analog Devices, Inc. $ADI

Key Points

• Citizens Financial Group acquired 8,349 shares of Analog Devices worth approximately $3.32 million during the second quarter. Institutional investors and hedge funds collectively own 86.81% of ADI’s outstanding shares.
• Analog Devices exceeded quarterly expectations, reporting $3.09 in earnings per share on $3.62 billion in revenue, with revenue up 37.2% year over year. The company issued third-quarter fiscal 2026 EPS guidance of $3.15 to $3.45.
• Analysts remain broadly positive, giving ADI a consensus “Moderate Buy” rating and an average price target of $441. However, company insiders sold 105,274 shares worth about $42.25 million over the past three months.

Citizens Financial Group Inc. RI acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,349 shares of the semiconductor company's stock, valued at approximately $3,316,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Riverbend Wealth Management LLC increased its holdings in Analog Devices by 2.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock worth $396,000 after purchasing an additional 27 shares in the last quarter. Bridgewater Advisors Inc. boosted its position in shares of Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock worth $574,000 after buying an additional 27 shares during the period. Silicon Valley Capital Partners boosted its position in shares of Analog Devices by 4.2% during the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock worth $214,000 after buying an additional 27 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Analog Devices by 12.0% during the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock worth $90,000 after buying an additional 30 shares in the last quarter. Finally, 1620 Investment Advisors Inc. grew its holdings in shares of Analog Devices by 5.0% during the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company's stock worth $182,000 after buying an additional 32 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Vincent Roche sold 30,000 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares of the company's stock, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin Cotter sold 17,594 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,274 shares of company stock valued at $42,247,986 over the last three months. Corporate insiders own 0.36% of the company's stock.

Analog Devices Stock Performance

ADI opened at $390.28 on Tuesday. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The firm has a market capitalization of $190.10 billion, a PE ratio of 57.99, a PEG ratio of 1.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The business's 50-day simple moving average is $390.93 and its 200 day simple moving average is $369.88.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business's revenue was up 37.2% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ADI shares. Evercore restated an "outperform" rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Stifel Nicolaus raised their price target on shares of Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Robert W. Baird lifted their price objective on shares of Analog Devices from $365.00 to $450.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Cantor Fitzgerald reissued an "overweight" rating and issued a $550.00 price objective on shares of Analog Devices in a research report on Monday. Finally, Needham & Company LLC increased their target price on shares of Analog Devices from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Analog Devices has an average rating of "Moderate Buy" and a consensus target price of $441.00.

About Analog Devices

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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