Huntington National Bank Grows Holdings in Analog Devices, Inc. $ADI

Key Points

• Huntington National Bank slightly increased its stake in Analog Devices by 0.7% in the fourth quarter, ending with 505,759 shares valued at about $137.2 million.
• Institutional ownership remains very high, with 86.81% of ADI shares held by hedge funds and other institutions. Several other investors also boosted their positions, including Nordea Investment Management AB, which increased its stake by 247.3%.
• Analyst sentiment is generally positive: multiple firms raised price targets, and ADI reported better-than-expected earnings and revenue for the quarter, along with strong growth in industrial and data center demand.

Huntington National Bank increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 505,759 shares of the semiconductor company's stock after purchasing an additional 3,751 shares during the quarter. Analog Devices makes up about 0.8% of Huntington National Bank's holdings, making the stock its 28th biggest position. Huntington National Bank owned approximately 0.10% of Analog Devices worth $137,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADI. Jones Financial Companies Lllp boosted its stake in Analog Devices by 12.9% in the third quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company's stock valued at $41,907,000 after acquiring an additional 19,383 shares during the last quarter. Nordea Investment Management AB boosted its stake in Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company's stock valued at $95,802,000 after acquiring an additional 249,702 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Analog Devices by 18.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company's stock valued at $5,094,000 after acquiring an additional 3,286 shares during the last quarter. AE Wealth Management LLC boosted its stake in Analog Devices by 26.4% in the third quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company's stock valued at $10,795,000 after acquiring an additional 9,174 shares during the last quarter. Finally, National Pension Service boosted its stake in Analog Devices by 1.8% in the third quarter. National Pension Service now owns 1,347,535 shares of the semiconductor company's stock valued at $331,089,000 after acquiring an additional 24,392 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Analog Devices

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

• Positive Sentiment: JPMorgan raised its price target on Analog Devices to $450 from $400 and kept an overweight rating, signaling confidence in additional upside. Benzinga report on JPMorgan price target increase
• Positive Sentiment: Analyst coverage has turned more favorable, with reports highlighting solid earnings estimate revisions and suggesting ADI could be poised for a near-term surge. Zacks report on earnings estimate revisions
• Positive Sentiment: ADI’s AI/data center business is showing strong momentum, with one report citing 90% growth in AI data center revenue and margin expansion from optical and power solutions. Yahoo Finance article on AI data center momentum
• Positive Sentiment: Management’s latest earnings call commentary emphasized stronger-than-expected industrial and data center demand, along with broad strength in analog and mixed-signal solutions. Yahoo Finance article on earnings call
• Neutral Sentiment: CEO Vincent Roche disclosed two sales of 30,000 shares each, totaling about $24.4 million, which may raise some investor caution but do not by themselves indicate a change in fundamentals.
• Neutral Sentiment: Broader tech-sector strength and record highs in the Nasdaq have also supported investor appetite for semiconductor names like ADI. Barchart market backdrop article

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 80,000 shares of company stock worth $31,519,000 in the last three months. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ADI shares. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Sunday. Susquehanna upped their price target on shares of Analog Devices from $360.00 to $400.00 and gave the company a "positive" rating in a research note on Thursday, February 19th. Truist Financial upped their price target on shares of Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a research note on Wednesday, May 20th. TD Cowen upped their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Barclays upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $432.71.

Analog Devices Trading Down 0.7%

NASDAQ:ADI opened at $416.88 on Thursday. The company has a 50-day moving average price of $367.82 and a 200-day moving average price of $320.14. Analog Devices, Inc. has a 12 month low of $210.80 and a 12 month high of $435.72. 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 market cap of $203.06 billion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.19 and a beta of 1.19.

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 the consensus estimate of $2.89 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices's quarterly revenue was up 37.2% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts predict that Analog Devices, Inc. will post 12.31 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, June 2nd. Analog Devices's payout ratio is 65.38%.

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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