Proficio Capital Partners LLC Takes $4.03 Million Position in Analog Devices, Inc. $ADI

Key Points

• Proficio Capital Partners acquired 10,146 Analog Devices shares in the second quarter, establishing a position valued at approximately $4.03 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with 26 Buy and two Strong Buy ratings; the consensus rating is “Buy” with a target price of $454.63. Recent targets range as high as $525.
• 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, representing a 1.2% annualized yield.

Proficio Capital Partners LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,146 shares of the semiconductor company's stock, valued at approximately $4,030,000.

A number of other institutional investors have also recently bought and sold shares of ADI. Banque Transatlantique SA bought a new stake in Analog Devices in the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in Analog Devices in the 4th quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Analog Devices in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on ADI shares. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Truist Financial upped their price target on shares of Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a research note on Wednesday, May 20th. Jefferies Financial Group increased their price target on shares of Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a report on Wednesday, May 20th. Finally, KeyCorp raised their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $454.63.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director directly owned 120,175 shares of the company's stock, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares of the company's stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 45,274 shares of company stock worth $17,889,486. 0.36% of the stock is currently owned by company insiders.

Analog Devices Stock Down 0.5%

ADI opened at $371.80 on Thursday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market capitalization of $180.16 billion, a P/E ratio of 44.10, a P/E/G ratio of 0.76 and a beta of 1.20. The stock has a fifty day moving average of $385.42 and a 200-day moving average of $372.64.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company posted $2.05 earnings per share. Analog Devices's revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices's payout ratio is currently 52.19%.

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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