Summit Global Investments Invests $1.62 Million in Analog Devices, Inc. $ADI

Key Points

• Summit Global Investments purchased 4,091 shares of Analog Devices worth approximately $1.625 million during the second quarter. Institutional investors collectively own 86.81% of ADI’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $441. The upcoming earnings report is expected to show about $3.33 in EPS and $3.93 billion in revenue, though ADI’s premium valuation leaves the stock vulnerable to disappointing guidance.
• ADI recently reported revenue growth of 37.2% year over year and beat quarterly EPS estimates, while maintaining a $1.10 quarterly dividend. However, insiders sold 105,274 shares worth roughly $42.2 million over the past 90 days.

Summit Global Investments purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,091 shares of the semiconductor company's stock, valued at approximately $1,625,000.

Other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA bought a new position in shares of Analog Devices in the fourth quarter worth approximately $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices during the second quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices in the 4th quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in Analog Devices in the 1st quarter worth approximately $30,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices News Summary

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

• Positive Sentiment: Analysts expect approximately $3.33 in earnings per share on $3.93 billion in revenue for the quarter ended July 2026. Coverage also points to a potential earnings beat, supported by broad-based demand and AI-driven growth in the Communications segment. KeyBanc reiterated an Overweight rating with a $525 price target. How To Earn $500 a Month From Analog Devices Stock Ahead of Q3 Earnings
• Positive Sentiment: Investors continue to view ADI’s industrial and data-center exposure, strong margins, and artificial-intelligence opportunities as potential justifications for its elevated valuation. The company’s prior quarter also showed strong momentum, with revenue rising 37.2% year over year and EPS exceeding estimates. Should Investors Buy ADI Stock Despite its Premium Valuation?
• Neutral Sentiment: Pre-earnings analysis is encouraging investors to look beyond revenue and EPS toward operating metrics and segment trends. The upcoming report is therefore likely to be a near-term catalyst, with the stock’s reaction depending heavily on guidance and evidence that demand remains broad based. Should You Buy, Sell or Hold ADI Stock Before Q3 Earnings?
• Negative Sentiment: ADI trades at a premium multiple, leaving limited room for execution issues or cautious guidance. Analysts also flag possible near-term volatility, while broader semiconductor flows and warnings that the chip cycle may be approaching a peak could weigh on sentiment across the sector. Semiconductor Flows Stay Sticky in Leveraged Chip ETFs

Insider Activity

In other news, Director Karen Golz sold 1,000 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the firm's stock in a transaction 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 sale, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 105,274 shares of company stock valued at $42,247,986. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings downgraded Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Wolfe Research restated an "outperform" rating and issued a $475.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Barclays upped their price target on Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Finally, TD Cowen boosted their price objective on shares of Analog Devices from $450.00 to $460.00 and gave the company a "buy" rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average target price of $441.00.

Analog Devices Stock Up 2.2%

NASDAQ ADI opened at $389.39 on Friday. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $189.67 billion, a P/E ratio of 57.86, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20. The stock's 50-day moving average price is $391.20 and its 200-day moving average price is $368.82.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm's revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices's dividend payout ratio is presently 65.38%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source