Marvin & Palmer Associates Inc. Purchases New Position in Analog Devices, Inc. $ADI

Marvin & Palmer Associates Inc. purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,223 shares of the semiconductor company's stock, valued at approximately $3,266,000. Analog Devices comprises 2.1% of Marvin & Palmer Associates Inc.'s investment portfolio, making the stock its 21st largest position.

Other large investors also recently modified their holdings of the company. Banque Transatlantique SA purchased a new stake in Analog Devices in the 4th quarter valued at $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices in the 2nd quarter worth $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Analog Devices in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $26,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Analog Devices during the fourth quarter valued at about $27,000. Institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADI. TD Cowen reaffirmed a "buy" rating and issued a $460.00 price objective on shares of Analog Devices in a research report on Thursday, August 20th. Wells Fargo & Company dropped their target price on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Thursday, August 20th. Fundamental Research set a $550.00 price objective on Analog Devices in a research report on Monday, June 29th. Barclays upped their price objective on Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, May 21st. Finally, Oppenheimer lifted their target price on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of "Buy" and an average price target of $454.63.

Insider Activity

In other news, Director Karen Golz sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. This trade represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 48,957 shares of company stock valued at $19,268,931. Corporate insiders own 0.36% of the company's stock.

Analog Devices Stock Down 3.4%

Analog Devices stock opened at $361.78 on Friday. The firm has a 50 day simple moving average of $382.77 and a 200 day simple moving average of $372.95. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The firm has a market capitalization of $175.31 billion, a price-to-earnings ratio of 42.92, a P/E/G ratio of 0.74 and a beta of 1.20.

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

Analog Devices Announces Dividend

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

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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