Principal Financial Group Inc. Increases Holdings in Analog Devices, Inc. $ADI

Key Points

• Principal Financial Group increased its stake in Analog Devices by 2.3% to 549,174 shares (about $148.9M), as institutional investors now own roughly 86.8% of the stock.
• Several brokerages have raised ratings and price targets (JPMorgan to $400, Truist to $364; Arete and Needham upgraded), leaving ADI with an average target of $370.69 and a consensus of "Moderate Buy".
• Analog Devices beat Q1 estimates (EPS $2.46 vs. $2.31; revenue $3.16B), provided strong Q2 EPS guidance of $2.73–3.03, and raised its quarterly dividend to $1.10 (annualized $4.40) despite a high payout ratio (~80%).

Principal Financial Group Inc. increased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 549,174 shares of the semiconductor company's stock after acquiring an additional 12,089 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of Analog Devices worth $148,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its holdings in shares of Analog Devices by 9.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company's stock valued at $106,000 after purchasing an additional 35 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 36 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Analog Devices by 0.5% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,369 shares of the semiconductor company's stock valued at $2,270,000 after purchasing an additional 38 shares during the last quarter. Fragasso Financial Advisors Inc boosted its stake in shares of Analog Devices by 2.9% in the 4th quarter. Fragasso Financial Advisors Inc now owns 1,372 shares of the semiconductor company's stock worth $372,000 after buying an additional 39 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its stake in shares of Analog Devices by 3.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,088 shares of the semiconductor company's stock valued at $295,000 after purchasing an additional 39 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ADI shares. Truist Financial boosted their target price on shares of Analog Devices from $291.00 to $364.00 and gave the company a "hold" rating in a research report on Thursday, February 19th. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. Arete Research upgraded shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $389.00 target price on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $320.00 to $400.00 and gave the company an "overweight" rating in a report on Thursday, February 19th. Finally, Needham & Company LLC upgraded shares of Analog Devices from a "hold" rating to a "buy" rating and set a $400.00 target price on the stock in a research note on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and an average price target of $370.69.

Key Headlines Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Analyst upgrades and higher forecasts ahead of earnings — Multiple brokerages have raised price targets and EPS/revenue expectations, lifting sentiment into the company’s upcoming report. Analog Devices Is Up After Analyst Upgrades
• Positive Sentiment: Recent fundamentals and guidance support the bullish case — ADI beat estimates in February, reported revenue growth and set Q2 EPS guidance that implies continued strength; analysts point to durable end-market demand. MarketBeat ADI Coverage
• Positive Sentiment: Long-term growth narrative intact — independent analysis (Seeking Alpha) highlights ADI’s stronger growth outlook vs. peers, supporting investor enthusiasm for exposure to analog/datas and industrial AI end-markets. Analog Devices Growth Outlook
• Neutral Sentiment: Insider sale by the CEO was pre-arranged — CEO Vincent Roche sold 10,000 shares under a Rule 10b5‑1 plan; such planned sales often reflect diversification or compensation liquidity rather than a change in company prospects. Insider Trade Filing
• Neutral Sentiment: High institutional ownership — ~87% of stock held by institutions can dampen short-term volatility but concentrates upside/downside around large holders’ flows. MarketBeat Institutional Data
• Negative Sentiment: Valuation and payout risks — ADI’s P/E is elevated (reflecting strong forward expectations) and its dividend payout ratio is high; a miss or weaker forward guide could trigger sharper multiple compression.
• Negative Sentiment: Divergent analyst views exist — while many firms raised targets, there are some downgrades/holds (e.g., Weiss Ratings) that highlight differing risk/reward opinions ahead of the print.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the completion of the transaction, the chief executive officer directly owned 187,538 shares of the company's stock, valued at approximately $74,623,245.58. The trade was a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the transaction, the chief accounting officer owned 14,740 shares of the company's stock, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,199 shares of company stock valued at $8,676,423. 0.36% of the stock is owned by corporate insiders.

Analog Devices Trading Up 2.7%

Shares of ADI opened at $415.65 on Thursday. The stock has a market capitalization of $202.92 billion, a PE ratio of 75.99, a P/E/G ratio of 1.63 and a beta of 1.19. The company's fifty day moving average is $343.76 and its 200 day moving average is $301.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. Analog Devices, Inc. has a fifty-two week low of $195.69 and a fifty-two week high of $416.00.

Analog Devices (NASDAQ:ADI - Get Free Report) last released 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. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. Analog Devices's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 11.35 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a $1.10 dividend. This is a boost from Analog Devices's previous quarterly dividend of $0.99. The ex-dividend date was Tuesday, March 3rd. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices's dividend payout ratio (DPR) is 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.

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