Hennion & Walsh Asset Management Inc. Has $21.49 Million Stake in Analog Devices, Inc. $ADI

Key Points

• Hennion & Walsh Asset Management cut its Analog Devices stake by 5.1% in the second quarter, selling 2,883 shares. It still held 54,099 shares valued at approximately $21.49 million, while institutional investors collectively owned 86.81% of ADI.
• Analog Devices exceeded quarterly expectations with $3.09 in EPS and $3.62 billion in revenue, up 37.2% year over year. The company provided third-quarter fiscal 2026 EPS guidance of $3.15 to $3.45 and pays a $1.10 quarterly dividend.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $441 versus a recent share price near $390. However, the stock’s roughly 58 price-to-earnings ratio and recent insider sales present valuation and sentiment risks.

Hennion & Walsh Asset Management Inc. lowered its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,099 shares of the semiconductor company's stock after selling 2,883 shares during the quarter. Analog Devices accounts for approximately 0.6% of Hennion & Walsh Asset Management Inc.'s portfolio, making the stock its 26th largest position. Hennion & Walsh Asset Management Inc.'s holdings in Analog Devices were worth $21,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after buying an additional 529 shares during the period. Sivia Capital Partners LLC increased its position in Analog Devices by 36.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company's stock valued at $417,000 after buying an additional 464 shares in the last quarter. Ieq Capital LLC raised its stake in Analog Devices by 38.0% during the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company's stock worth $10,610,000 after buying an additional 12,276 shares during the period. HUB Investment Partners LLC acquired a new position in Analog Devices during the 2nd quarter worth approximately $644,000. Finally, Peapack Gladstone Financial Corp boosted its holdings in Analog Devices by 2.4% in the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company's stock worth $14,322,000 after acquiring an additional 1,406 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $389.93 on Friday. Analog Devices, Inc. has a 52 week low of $221.15 and a 52 week high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $394.59 and a 200-day moving average price of $365.96. The company has a market cap of $189.93 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20.

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

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $1.10 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices's dividend payout ratio is currently 65.38%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADI shares. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $400.00 to $450.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Wolfe Research reiterated an "outperform" rating and issued a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price target on shares of Analog Devices in a research report on Wednesday, May 20th. Evercore restated an "outperform" rating and set a $474.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, TD Cowen raised their price objective on shares of Analog Devices from $450.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $441.00.

Trending Headlines about Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Renewed optimism about artificial-intelligence demand is supporting semiconductor stocks, including analog-chip makers such as ADI. Industry sales growth and expectations for continued chip demand are providing a favorable environment for the shares. Semiconductor Sales Continue to Grow on AI Optimism
• Positive Sentiment: Wall Street’s average brokerage recommendation for Analog Devices is equivalent to a Buy. The company’s latest quarter also exceeded expectations, with earnings per share of $3.09 versus the $2.89 consensus and revenue of $3.62 billion versus $3.51 billion. Revenue rose 37.2% year over year, while fiscal third-quarter EPS guidance is $3.15 to $3.45. Analog Devices Is Considered a Good Investment by Brokers
• Neutral Sentiment: Director Ray Stata sold 1,416 ADI shares for approximately $534,000, reducing his direct ownership by 1.22%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, making it a limited signal about management’s current outlook. Analog Devices Director Insider Sale
• Negative Sentiment: CEO Vincent Roche reportedly sold 10,000 shares for $3.63 million, reducing his direct ownership by 6.78%. Although the sale was also made under a 10b5-1 plan and may reflect scheduled diversification rather than weakening confidence, sizeable insider selling could create some investor caution. Analog Devices CEO Insider Sale
• Negative Sentiment: ADI remains richly valued, trading at roughly 58 times earnings based on the provided data. That valuation leaves the stock sensitive to any slowdown in AI-related demand, weaker guidance or disappointment in future earnings growth. Analog Devices Broker Recommendations

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company's stock, valued at approximately $49,926,294. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the sale, the director owned 11,019 shares of the company's stock, 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. In the last three months, insiders have sold 105,274 shares of company stock worth $42,247,986. Company insiders own 0.36% of the company's stock.

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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