Community Financial Services Group LLC lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 98.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,059 shares of the semiconductor company's stock after purchasing an additional 10,932 shares during the quarter. Analog Devices makes up about 1.2% of Community Financial Services Group LLC's investment portfolio, making the stock its 29th largest position. Community Financial Services Group LLC's holdings in Analog Devices were worth $8,581,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of Analog Devices by 74.8% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,437 shares of the semiconductor company's stock worth $571,000 after acquiring an additional 615 shares during the period. Harrell Investment Partners LLC boosted its holdings in Analog Devices by 5.4% during the second quarter. Harrell Investment Partners LLC now owns 32,755 shares of the semiconductor company's stock valued at $13,009,000 after purchasing an additional 1,692 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Analog Devices by 3.7% in the 2nd quarter. Revolve Wealth Partners LLC now owns 2,036 shares of the semiconductor company's stock valued at $809,000 after purchasing an additional 72 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Finally, Arista Wealth Management LLC lifted its holdings in shares of Analog Devices by 33.0% during the second quarter. Arista Wealth Management LLC now owns 4,647 shares of the semiconductor company's stock valued at $1,846,000 after acquiring an additional 1,152 shares during the period. 86.81% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ADI. Weiss Ratings cut shares of Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Robert W. Baird increased their price target on Analog Devices from $365.00 to $450.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Raymond James Financial reaffirmed an "outperform" rating and set a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Truist Financial boosted their price objective on Analog Devices from $364.00 to $405.00 and gave the stock a "hold" rating in a research note on Wednesday, May 20th. Finally, Oppenheimer increased their target price on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average price target of $441.00.
Read Our Latest Stock Analysis on Analog Devices
Analog Devices Stock Performance
NASDAQ:ADI opened at $383.92 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $394.22 and a 200 day simple moving average of $367.04. Analog Devices, Inc. has a 1-year low of $223.44 and a 1-year high of $445.91. The stock has a market cap of $187.00 billion, a P/E ratio of 57.05, a PEG ratio of 1.01 and a beta of 1.20.
Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (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 return on equity of 14.37% and a net margin of 26.01%.The firm's quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Research analysts anticipate that Analog Devices, Inc. will post 12.42 earnings per share for the current year.
Analog Devices Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a $1.10 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices's dividend payout ratio (DPR) is currently 65.38%.
Insider Transactions at Analog Devices
In related news, SVP Martin Cotter sold 17,594 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. This trade represents a 23.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction on Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. This trade represents a 8.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 105,274 shares of company stock valued at $42,247,986. Company insiders own 0.36% of the company's stock.
Analog Devices Profile
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Free Report)
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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