QRG Capital Management Inc. Purchases 4,662 Shares of Analog Devices, Inc. $ADI

Key Points

• QRG Capital Management increased its stake in Analog Devices by 6.5% in Q4, buying 4,662 shares to hold 76,317 shares valued at $20.697 million, and institutional investors now own 86.81% of the stock.
• CEO Vincent Roche sold 10,000 shares on May 1 for about $3.98 million under a Rule 10b5‑1 plan; insiders sold 27,324 shares worth $9.67 million in the quarter and now own just 0.36% of the company.
• Several analysts raised price targets (UBS to $430; multiple firms to around $400) and MarketBeat shows a consensus rating of Moderate Buy with a $370.69 target; Analog Devices also beat quarterly EPS, set Q2 guidance of $2.73–$3.03, and raised its quarterly dividend to $1.10.

QRG Capital Management Inc. grew its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,317 shares of the semiconductor company's stock after purchasing an additional 4,662 shares during the quarter. QRG Capital Management Inc.'s holdings in Analog Devices were worth $20,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. TCI Wealth Advisors Inc. bought a new position in shares of Analog Devices in the fourth quarter worth approximately $203,000. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Analog Devices by 42.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,266 shares of the semiconductor company's stock worth $615,000 after purchasing an additional 673 shares during the period. Bellecapital International Ltd. boosted its position in shares of Analog Devices by 4.6% in the fourth quarter. Bellecapital International Ltd. now owns 907 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 40 shares during the period. Avidian Wealth Enterprises LLC boosted its position in shares of Analog Devices by 6.1% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,714 shares of the semiconductor company's stock worth $465,000 after purchasing an additional 99 shares during the period. Finally, Oak Harbor Wealth Partners LLC boosted its position in shares of Analog Devices by 2.8% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 2,340 shares of the semiconductor company's stock worth $635,000 after purchasing an additional 63 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $397.91, for a total value of $3,979,100.00. Following the sale, the chief executive officer owned 187,538 shares of the company's stock, valued at approximately $74,623,245.58. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 14,740 shares in the company, valued at approximately $5,321,434.80. This represents a 22.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 27,324 shares of company stock valued at $9,667,985. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group upped their price target on shares of Analog Devices from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Cantor Fitzgerald boosted their target price on shares of Analog Devices from $350.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, February 17th. Evercore reissued an "outperform" rating and issued a $387.00 target price on shares of Analog Devices in a report on Thursday, February 19th. Wells Fargo & Company boosted their target price on shares of Analog Devices from $340.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $320.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $370.69.

Analog Devices Price Performance

Analog Devices stock opened at $397.02 on Tuesday. The company has a market cap of $193.83 billion, a price-to-earnings ratio of 72.58, a PEG ratio of 1.60 and a beta of 1.19. The firm's fifty day moving average is $341.55 and its 200 day moving average is $299.32. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 52-week low of $194.26 and a 52-week high of $408.37.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share 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 for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The business's revenue for the quarter was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 11.35 EPS 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 paid a $1.10 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 3rd. Analog Devices's payout ratio is currently 80.44%.

Analog Devices Company 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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