Elefante Mark B Invests $10.28 Million in Analog Devices, Inc. $ADI

Key Points

• Elefante Mark B purchased 25,892 Analog Devices shares worth approximately $10.28 million, making ADI its fifth-largest holding and about 4.4% of its portfolio. Institutional investors collectively own 86.81% of the stock.
• Analog Devices reported strong quarterly results, with revenue rising 39.2% year over year to $4.02 billion and EPS of $3.45 exceeding estimates. Management issued fourth-quarter EPS guidance of $3.71–$4.01, supported by accelerating AI and data-center demand.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $447.13, while investors should weigh valuation and macro risks. The company also offers a $1.10 quarterly dividend, equivalent to a 1.2% annual yield.

Elefante Mark B purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,892 shares of the semiconductor company's stock, valued at approximately $10,284,000. Analog Devices makes up approximately 4.4% of Elefante Mark B's investment portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Banque Transatlantique SA acquired a new position in Analog Devices in the 4th quarter worth about $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices during the second quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Finally, Evolution Wealth Management Inc. bought a new position in Analog Devices in the 1st quarter valued at approximately $30,000. 86.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares of the company's stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at $4,295,536.77. The trade was a 8.32% 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. In the last three months, insiders have sold 75,274 shares of company stock valued at $30,343,386. Company insiders own 0.36% of the company's stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $373.09 on Monday. The company has a market capitalization of $180.79 billion, a PE ratio of 44.26, a P/E/G ratio of 0.76 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The firm has a fifty day simple moving average of $388.25 and a 200 day simple moving average of $371.50.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly 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 firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the business posted $2.05 EPS. The business's revenue was up 39.2% compared to the same quarter last year. 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 year.

Analog Devices Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on ADI shares. Barclays boosted their target price on shares of Analog Devices from $430.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, May 21st. Citigroup boosted their price objective on shares of Analog Devices from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Wells Fargo & Company decreased their price objective on Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Thursday. Stifel Nicolaus raised their target price on Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $480.00 target price on shares of Analog Devices in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $447.13.

More 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

Analog Devices 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source