Cornerstone Advisors LLC Takes $9.07 Million Position in Analog Devices, Inc. $ADI

Cornerstone Advisors LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 22,840 shares of the semiconductor company's stock, valued at approximately $9,071,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Buckland Partners Management Co LLC purchased a new stake in Analog Devices during the 2nd quarter valued at about $4,737,000. UNIVEST FINANCIAL Corp bought a new position in Analog Devices during the 2nd quarter worth approximately $3,008,000. Lee Johnson Capital Management LLC purchased a new position in Analog Devices in the 2nd quarter worth approximately $5,189,000. Grandfield & Dodd LLC purchased a new position in Analog Devices in the 2nd quarter worth approximately $91,950,000. Finally, IMG Wealth Management Inc. bought a new stake in Analog Devices in the second quarter valued at approximately $47,000. Institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of ADI stock opened at $390.28 on Tuesday. The firm has a market cap of $190.10 billion, a P/E ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The business's 50 day moving average price is $390.93 and its 200-day moving average price is $369.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ADI. Wells Fargo & Company increased their price objective on Analog Devices from $470.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, May 21st. Evercore reiterated an "outperform" rating and set a $474.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Raymond James Financial reissued an "outperform" rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Robert W. Baird raised their price target on shares of Analog Devices from $365.00 to $450.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price target on shares of Analog Devices in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $441.00.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the company's stock in a transaction 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 directly owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Golz sold 1,000 shares of the firm's 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 sale, the director directly owned 11,019 shares of the company's stock, valued at approximately $4,295,536.77. This 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 sold a total of 105,274 shares of company stock valued at $42,247,986 in the last 90 days. 0.36% of the stock is owned by company insiders.

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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