Kingsview Wealth Management LLC Invests $20.46 Million in Analog Devices, Inc. $ADI

Key Points

• Kingsview Wealth Management initiated a $20.46 million position in Analog Devices during the second quarter by purchasing 51,506 shares. Institutional investors collectively own 86.81% of ADI’s outstanding stock.
• Analog Devices reported stronger-than-expected quarterly results, with EPS of $3.45 versus the $3.34 consensus and revenue of $4.02 billion, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, representing a 1.2% yield.
• Analysts remain broadly bullish, with an average “Buy” rating and a $454.63 price target, while shares recently traded at $361.78. Company insiders have sold nearly 49,000 shares worth about $19.27 million over the past 90 days.

Kingsview Wealth Management LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 51,506 shares of the semiconductor company's stock, valued at approximately $20,457,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Analog Devices during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Analog Devices during the 2nd quarter worth $25,000. Dunhill Financial LLC purchased a new position in shares of Analog Devices in the 2nd quarter worth about $32,000. Quantbot Technologies LP purchased a new position in shares of Analog Devices in the 2nd quarter worth about $33,000. Finally, Caitlin John LLC bought a new position in Analog Devices during the second quarter valued at about $35,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Down 3.4%

Shares of ADI opened at $361.78 on Friday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The business has a 50-day moving average of $382.77 and a 200 day moving average of $372.95. The firm has a market cap of $175.31 billion, a P/E ratio of 42.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company's revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at $49,926,294. The trade was a 6.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 48,957 shares of company stock valued at $19,268,931. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADI. Seaport Research Partners upgraded shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective for the company in a report on Thursday, August 20th. Raymond James Financial reiterated an "outperform" rating and issued a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. KeyCorp increased their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Robert W. Baird raised their price target on shares of Analog Devices from $450.00 to $675.00 and gave the stock an "outperform" rating in a research note on Monday, August 24th. Finally, Bank of America lifted their price target on shares of Analog Devices from $425.00 to $460.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Two research 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 stock. Based on data from MarketBeat, Analog Devices currently has an average rating of "Buy" and an average price target of $454.63.

Analog Devices Company 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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