NewEdge Advisors LLC Buys 5,322 Shares of Analog Devices, Inc. $ADI

Key Points

• NewEdge Advisors increased its Analog Devices stake by 2.2%, purchasing 5,322 shares to hold 250,858 shares worth approximately $99.6 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with ADI carrying a consensus “Buy” rating and an average price target of $457.97; JPMorgan recently raised its target to $500.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, equivalent to a 1.2% yield.

NewEdge Advisors LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,858 shares of the semiconductor company's stock after buying an additional 5,322 shares during the quarter. NewEdge Advisors LLC owned approximately 0.05% of Analog Devices worth $99,633,000 at the end of the most recent quarter.

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 worth approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in shares of Analog Devices in the second quarter worth $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Analog Devices in the second quarter worth $25,000. Hilton Head Capital Partners LLC bought a new stake in Analog Devices during the fourth quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices during the fourth quarter worth about $27,000. 86.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Analog Devices news, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares of the company's stock, valued at $20,292,537.12. This represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the completion of the sale, the chief executive officer directly owned 134,660 shares in the company, valued at approximately $47,983,397.80. This trade represents a 6.91% 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. Over the last quarter, insiders have sold 38,515 shares of company stock valued at $14,340,227. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ADI has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Oppenheimer upped their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. Truist Financial raised their price objective on Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. boosted their target price on Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of "Buy" and a consensus target price of $457.97.

Analog Devices Trading Up 0.3%

NASDAQ ADI opened at $363.20 on Wednesday. The firm has a market cap of $175.99 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The stock has a 50-day moving average of $375.90 and a 200-day moving average of $374.46. 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 (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the previous year, the firm earned $2.05 EPS. The business's quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

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

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.

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