Perigon Wealth Management LLC Acquires Shares of 5,122 Analog Devices, Inc. $ADI

Perigon Wealth Management LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,122 shares of the semiconductor company's stock, valued at approximately $2,034,000.

Other hedge funds have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new stake in Analog Devices during the 2nd quarter valued at $4,793,000. Phillips Wealth Planners LLC acquired a new position in Analog Devices during the second quarter worth $421,000. Trust Co. of Vermont bought a new position in shares of Analog Devices in the second quarter valued at $26,132,000. Principle Wealth Partners LLC acquired a new position in shares of Analog Devices during the second quarter valued at about $932,000. Finally, UP Strategic Wealth Investment Advisors LLC acquired a new position in shares of Analog Devices during the second quarter valued at about $330,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADI. Oppenheimer upped their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. Truist Financial increased their price objective on Analog Devices from $364.00 to $405.00 and gave the stock a "hold" rating in a research note on Wednesday, May 20th. Evercore restated an "outperform" rating and issued a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Citigroup upped their price target on Analog Devices from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Robert W. Baird increased their price target on Analog Devices from $365.00 to $450.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $441.00.

Insider Transactions at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the transaction, the director directly owned 11,019 shares of the company's stock, valued at approximately $4,295,536.77. This trade represents a 8.32% 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, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares of the company's stock, valued at $43,213,016.07. This represents a 1.22% decrease in their ownership of the stock. 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 90 days, insiders have sold 105,274 shares of company stock valued at $42,247,986. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Performance

ADI stock opened at $390.28 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a market cap of $190.10 billion, a PE ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20. The business has a 50 day moving average of $390.93 and a 200-day moving average of $369.88. 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 released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the previous year, the business posted $1.85 EPS. The business's revenue for the quarter was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

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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