Columbus Macro LLC Purchases New Shares in Analog Devices, Inc. $ADI

Key Points

• Columbus Macro LLC acquired 11,471 Analog Devices shares worth approximately $4.55 million during the third quarter, while institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $460.09; Cantor Fitzgerald raised its target to $510.
• ADI shares fell 2.7% to $403.57, despite the company reporting quarterly earnings and revenue above consensus estimates and maintaining a $1.10 quarterly dividend.

Columbus Macro LLC purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,471 shares of the semiconductor company's stock, valued at approximately $4,551,000.

A number of other institutional investors also recently modified their holdings of ADI. IPG Investment Advisors LLC bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $1,922,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Analog Devices by 108.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after acquiring an additional 10,648 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company's stock valued at $543,656,000 after acquiring an additional 101,298 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Analog Devices in the 2nd quarter valued at $500,414,000. Finally, Ieq Capital LLC acquired a new position in shares of Analog Devices during the 2nd quarter valued at $19,643,000. 86.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, insider Katsufumi Nakamura sold 1,200 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total transaction of $498,024.00. Following the transaction, the insider owned 14,849 shares in the company, valued at approximately $6,162,631.98. This represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,416 shares of the firm's stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $420.04, for a total transaction of $594,776.64. Following the completion of the transaction, the director directly owned 108,847 shares in the company, valued at $45,720,093.88. This trade represents a 1.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 50,936 shares of company stock worth $19,430,764 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ADI has been the topic of several research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $510.00 target price (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Arete Research lifted their price target on shares of Analog Devices from $487.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Evercore dropped their price objective on shares of Analog Devices from $474.00 to $462.00 and set an "outperform" rating on the stock in a report on Thursday, August 20th. BMO Capital Markets assumed coverage on shares of Analog Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price objective on the stock. Finally, Seaport Research Partners raised shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $460.09.

Analog Devices Stock Down 2.7%

Analog Devices stock traded down $11.13 during mid-day trading on Wednesday, reaching $403.57. The stock had a trading volume of 5,011,664 shares, compared to its average volume of 4,030,830. The firm has a market capitalization of $195.56 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The stock's 50-day simple moving average is $381.59 and its 200-day simple moving average is $385.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued 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. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. Analog Devices's revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company's product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

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.