First Trust Advisors LP Has $230.10 Million Stock Position in Analog Devices, Inc. $ADI

Key Points

• First Trust Advisors LP reduced its stake by 2.5% in Q3 to 936,513 shares of ADI (worth $230.1M), and institutional investors now own about 86.81% of the company with Vanguard and State Street among the largest holders.
• Analog Devices beat quarterly expectations, reporting $2.46 EPS vs. $2.31 expected and $3.16B revenue (up 30.4% YoY), set Q2 2026 EPS guidance of $2.73–$3.03, and carries a consensus analyst rating of "Moderate Buy" with an average price target of $366.96.
• The company raised its quarterly dividend to $1.10 (from $0.99), payable March 17 with an ex-dividend date of March 3, implying an annualized $4.40 payout and a 1.4% yield (payout ratio 80.44%).

First Trust Advisors LP reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 936,513 shares of the semiconductor company's stock after selling 24,256 shares during the period. First Trust Advisors LP owned about 0.19% of Analog Devices worth $230,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ADI. Vanguard Group Inc. grew its position in Analog Devices by 0.3% during the third quarter. Vanguard Group Inc. now owns 50,389,306 shares of the semiconductor company's stock valued at $12,380,652,000 after purchasing an additional 162,075 shares in the last quarter. State Street Corp lifted its position in Analog Devices by 2.2% in the 2nd quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company's stock worth $5,549,973,000 after buying an additional 506,507 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Analog Devices by 5.7% during the 2nd quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company's stock valued at $2,770,448,000 after buying an additional 633,425 shares during the period. Norges Bank purchased a new position in shares of Analog Devices during the 2nd quarter valued at $1,803,377,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company's stock valued at $1,506,448,000 after acquiring an additional 375,207 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Shares of ADI opened at $315.81 on Friday. The company has a market capitalization of $154.18 billion, a PE ratio of 57.74, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $363.20. The company's fifty day moving average price is $316.34 and its 200 day moving average price is $273.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The business's quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be issued a $1.10 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Analog Devices's payout ratio is 80.44%.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the transaction, the chief executive officer directly owned 155,688 shares of the company's stock, valued at $47,783,760.96. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of the company's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares of the company's stock, valued at approximately $3,831,556.60. This trade represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 57,743 shares of company stock worth $16,836,340. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ADI. Piper Sandler increased their price objective on Analog Devices from $250.00 to $360.00 and gave the stock a "neutral" rating in a report on Thursday, February 19th. Sanford C. Bernstein restated a "market perform" rating and issued a $270.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Cantor Fitzgerald upped their target price on Analog Devices from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 17th. The Goldman Sachs Group raised their price target on Analog Devices from $300.00 to $370.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Finally, Citigroup reissued a "buy" rating on shares of Analog Devices in a research note on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $366.96.

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.

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