Commerce Bank Makes New $19.96 Million Investment in Analog Devices, Inc. $ADI

Key Points

• Commerce Bank purchased a new $19.96 million stake in Analog Devices during the second quarter, acquiring 50,267 shares. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported strong quarterly results, with revenue rising 39.2% year over year to $4.02 billion and EPS of $3.45, beating analyst expectations. Management guided for fourth-quarter EPS of $3.71 to $4.01.
• Analysts remain broadly bullish, with an average “Buy” rating and a $447.13 price target, although elevated valuation, rising Treasury yields and recent insider selling pose risks. The company also declared a quarterly dividend of $1.10 per share, yielding approximately 1.2%.

Commerce Bank bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,267 shares of the semiconductor company's stock, valued at approximately $19,965,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ING Groep NV raised its stake in Analog Devices by 45.1% in the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after purchasing an additional 69,202 shares in the last quarter. Covenant Asset Management LLC bought a new stake in Analog Devices in the fourth quarter worth $2,500,000. MGO One Seven LLC lifted its stake in shares of Analog Devices by 17.7% in the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock valued at $12,352,000 after acquiring an additional 6,846 shares during the last quarter. Natixis Advisors LLC increased its stake in 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 lifted its position in Analog Devices by 108.5% in 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 purchasing an additional 10,648 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Analog Devices stock opened at $373.09 on Friday. The stock has a market cap of $180.79 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 0.95 and a beta of 1.20. The stock's 50 day simple moving average is $388.25 and its two-hundred day simple moving average is $371.11. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is 52.19%.

Key Analog Devices News

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

Insider Buying and Selling

In other news, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction dated Tuesday, May 26th. The stock was 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 owned 137,538 shares of the company's stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Monday, July 13th. The stock was 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. This trade represents 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. Insiders have sold 75,274 shares of company stock valued at $30,343,386 over the last ninety days. Insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ADI shares. Stifel Nicolaus increased their price objective on Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Evercore reaffirmed an "outperform" rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Argus set a $460.00 price target on shares of Analog Devices in a report on Tuesday, May 26th. The Goldman Sachs Group reissued a "buy" rating and set a $480.00 price target on shares of Analog Devices in a research report on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $447.13.

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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