Prime Capital Investment Advisors LLC Has $2.08 Million Position in Analog Devices, Inc. $ADI

Key Points

• Prime Capital cut its stake in Analog Devices by 51.3% in Q4, selling 8,104 shares and finishing the period with 7,686 shares valued at about $2.084 million.
• Analog Devices beat Q4 expectations with $2.46 EPS (vs. $2.31 est.) and $3.16B revenue (up 30.4% YoY), set Q2 guidance of $2.73–$3.03 EPS, and holds a consensus analyst rating of Moderate Buy with a $367.81 target.
• Insiders have sold 30,449 shares (~$9.69M) over the last 90 days (including CEO and CAO sales), while institutional ownership remains high at 86.81% and several large funds increased their ADI positions.

Prime Capital Investment Advisors LLC lessened its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 51.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,686 shares of the semiconductor company's stock after selling 8,104 shares during the period. Prime Capital Investment Advisors LLC's holdings in Analog Devices were worth $2,084,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADI. Jones Financial Companies Lllp grew its stake in Analog Devices by 12.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company's stock valued at $41,907,000 after buying an additional 19,383 shares during the last quarter. SG Americas Securities LLC increased its position in Analog Devices by 684.6% during the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company's stock worth $211,871,000 after acquiring an additional 752,411 shares during the period. Nordea Investment Management AB raised its stake in Analog Devices by 247.3% in the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company's stock worth $95,802,000 after purchasing an additional 249,702 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Analog Devices by 22.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company's stock valued at $317,789,000 after purchasing an additional 236,211 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in Analog Devices by 26.4% in the 3rd quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company's stock valued at $10,795,000 after purchasing an additional 9,174 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADI has been the topic of several recent research reports. Arete Research raised shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $389.00 target price on the stock in a report on Monday, March 30th. TD Cowen reissued a "buy" rating on shares of Analog Devices in a research report on Thursday, February 19th. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, January 17th. Robert W. Baird set a $365.00 price objective on Analog Devices in a report on Thursday, February 19th. Finally, Piper Sandler upped their target price on Analog Devices from $250.00 to $360.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and a consensus price target of $367.81.

Insider Buying and Selling at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of Analog Devices stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the sale, the chief accounting officer directly owned 14,740 shares of the company's stock, valued at approximately $5,321,434.80. The trade was a 22.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the transaction, the chief executive officer owned 155,688 shares of the company's stock, valued at approximately $47,783,760.96. This represents a 6.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,449 shares of company stock worth $9,687,054 over the last 90 days. Insiders own 0.36% of the company's stock.

Analog Devices Stock Performance

NASDAQ ADI opened at $350.14 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $170.94 billion, a price-to-earnings ratio of 64.01, a P/E/G ratio of 1.61 and a beta of 1.05. The firm's 50 day simple moving average is $328.16 and its 200 day simple moving average is $285.23. Analog Devices, Inc. has a 1 year low of $167.20 and a 1 year high of $363.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The company's revenue was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. This is an increase from Analog Devices's previous quarterly dividend of $0.99. Analog Devices's dividend payout ratio is currently 80.44%.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.