Clark Asset Management LLC Buys 9,368 Shares of Analog Devices, Inc. $ADI

Key Points

• Clark Asset Management increased its Analog Devices stake by 521.3% in the second quarter, acquiring 9,368 additional shares for a total holding of 11,165 shares valued at $4.43 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported better-than-expected quarterly results, with $3.09 in EPS and $3.62 billion in revenue, up 37.2% year over year. Analysts maintain a “Moderate Buy” consensus rating and a $441 average price target.
• ADI pays a quarterly dividend of $1.10 per share, representing a 1.2% yield, while insiders have sold roughly $42.2 million of stock over the past 90 days, primarily through pre-arranged trading plans.

Clark Asset Management LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 521.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,165 shares of the semiconductor company's stock after acquiring an additional 9,368 shares during the period. Clark Asset Management LLC's holdings in Analog Devices were worth $4,434,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new position in shares of Analog Devices in the first quarter valued at $30,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at $26,000. Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices in the fourth quarter worth $27,000. Finally, Entrust Financial LLC bought a new stake in Analog Devices in the fourth quarter worth $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

More Analog Devices News

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

• Positive Sentiment: Broad strength across semiconductor stocks, fueled by renewed artificial-intelligence enthusiasm, strong memory demand and anticipation of additional chip-industry earnings, provides a supportive environment for ADI. Semiconductor Rally Powers S&P 500 to Fresh Record High
• Positive Sentiment: Analyst optimism remains a key support. ADI recently exceeded earnings and revenue estimates, posting $3.09 in EPS and $3.62 billion in revenue, while its latest quarterly revenue increased 37.2% year over year. Estimate revisions and the company’s history of earnings beats could keep investor attention focused on its next report. Analog Devices Could Be 16% Undervalued After Fresh Earnings Optimism
• Neutral Sentiment: ADI director Ray Stata sold 1,416 shares for approximately $534,000, reducing his direct ownership by 1.22%. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, which limits its value as a signal about the company’s outlook. SEC Form 4: Ray Stata Transaction
• Negative Sentiment: CEO Vincent Roche recently sold 10,000 shares for $3.63 million, cutting his direct ownership by 6.78%. Although the sale also occurred under a 10b5-1 plan and does not necessarily indicate weakening confidence, repeated insider selling can create near-term investor caution. SEC Form 4: Vincent Roche Transaction

Analysts Set New Price Targets

Several research firms have commented on ADI. The Goldman Sachs Group reiterated a "buy" rating and set a $450.00 price objective on shares of Analog Devices in a research report on Wednesday, May 20th. TD Cowen boosted their target price on shares of Analog Devices from $450.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Cantor Fitzgerald upped their target price on shares of Analog Devices from $510.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 29th. KeyCorp increased their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Finally, Oppenheimer lifted their price target on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $441.00.

Analog Devices Price Performance

ADI opened at $377.31 on Friday. The business has a fifty day moving average of $395.07 and a 200 day moving average of $365.79. The stock has a market cap of $183.78 billion, a P/E ratio of 56.06, a PEG ratio of 0.98 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 52-week low of $221.15 and a 52-week 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 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company's revenue for the quarter was up 37.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices's dividend payout ratio is presently 65.38%.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the transaction, the director directly owned 11,019 shares of the company's stock, valued at $4,295,536.77. The trade was a 8.32% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 105,274 shares of company stock valued at $42,247,986. Corporate insiders own 0.36% of the company's stock.

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.

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