Stonehage Fleming Financial Services Holdings Ltd Purchases New Position in Analog Devices, Inc. $ADI

Key Points

• Stonehage Fleming acquired 6,228 Analog Devices shares in the second quarter, valued at approximately $2.47 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with the stock carrying an average “Buy” rating and a consensus price target of $454.63; several firms recently raised their targets to between $430 and $460.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in adjusted EPS and $4.02 billion in revenue, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, or a 1.2% annualized yield.

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,228 shares of the semiconductor company's stock, valued at approximately $2,474,000.

Several other hedge funds have also added to or reduced their stakes in ADI. ING Groep NV boosted its holdings in shares of Analog Devices by 45.1% in the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after purchasing an additional 69,202 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of Analog Devices by 17.7% during the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock worth $12,352,000 after buying an additional 6,846 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Analog Devices by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after buying an additional 23,531 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after buying an additional 10,648 shares in the last quarter. Finally, National Pension Service grew its position in Analog Devices by 0.5% in the fourth quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company's stock valued at $367,212,000 after acquiring an additional 6,492 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. TD Cowen reaffirmed a "buy" rating and set a $460.00 target price on shares of Analog Devices in a research note on Thursday, August 20th. Needham & Company LLC raised their price objective on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 20th. BMO Capital Markets assumed coverage on Analog Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price objective on the stock. Finally, Barclays upped their target price on Analog Devices from $430.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $454.63.

Analog Devices Price Performance

ADI stock opened at $374.52 on Friday. The company has a market capitalization of $181.48 billion, a P/E ratio of 44.43, a PEG ratio of 0.76 and a beta of 1.20. The company has a fifty day moving average price of $384.22 and a 200-day moving average price of $373.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices's dividend payout ratio is 52.19%.

Insider Buying and Selling at Analog Devices

In other news, SVP Martin Cotter sold 17,594 shares of the business's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares of the company's stock, valued at $23,546,776. The trade was a 23.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Karen Golz sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the sale, the director directly owned 11,019 shares of the company's stock, valued at $4,295,536.77. This represents a 8.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 47,957 shares of company stock valued at $18,894,431 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

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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