North Star Asset Management Inc. Acquires Shares of 102,047 Analog Devices, Inc. $ADI

Key Points

• North Star Asset Management acquired 102,047 Analog Devices shares worth approximately $40.5 million, making ADI 1.6% of its portfolio. Institutional investors collectively own 86.81% of the company.
• Analysts remain broadly bullish: ADI has an average “Buy” rating and a consensus price target of $454.63, with several firms recently raising their targets.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in adjusted EPS and $4.02 billion in revenue, up 39.2% year over year. Meanwhile, insiders sold 47,957 shares worth about $18.9 million over the past 90 days.

North Star Asset Management Inc. purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 102,047 shares of the semiconductor company's stock, valued at approximately $40,530,000. Analog Devices makes up 1.6% of North Star Asset Management Inc.'s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors have also recently bought and sold shares of ADI. BlackRock Inc. acquired a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $18,610,868,000. State Street Corp boosted its stake in Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock worth $6,369,833,000 after acquiring an additional 88,538 shares during the last quarter. Morgan Stanley grew its holdings in Analog Devices by 1.9% during the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock valued at $2,834,210,000 after purchasing an additional 194,535 shares during the period. Bank of America Corp DE grew its holdings in Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after purchasing an additional 501,604 shares during the period. Finally, Norges Bank bought a new stake in Analog Devices in the fourth quarter valued at approximately $2,215,516,000. Institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of several analyst reports. Seaport Research Partners upgraded shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 target price on the stock in a report on Thursday, August 20th. Barclays boosted their price target on shares of Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. Stifel Nicolaus raised their price objective on Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Finally, Wolfe Research reissued an "outperform" rating and issued a $475.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $454.63.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. 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 approximately $20,292,537.12. This represents a 4.72% 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 sold 47,957 shares of company stock valued at $18,894,431. 0.36% of the stock is owned by insiders.

Analog Devices Stock Performance

Shares of ADI stock opened at $374.52 on Friday. The company's fifty day simple moving average is $384.22 and its 200-day simple moving average is $373.02. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market cap of $181.48 billion, a PE ratio of 44.43, a P/E/G ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during 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 quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Analog Devices 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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