United Bank Invests $2.96 Million in Analog Devices, Inc. $ADI

Key Points

• United Bank invested approximately $2.96 million in Analog Devices during the second quarter by acquiring 7,449 shares. Institutional investors and hedge funds now own 86.81% of ADI’s outstanding stock.
• Analog Devices reported fiscal third-quarter revenue of $4.02 billion and EPS of $3.45, beating estimates, with revenue up 39.2% year over year. The company issued fourth-quarter EPS guidance of $3.71–$4.01, citing continued AI data-center and industrial demand.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $443.24 price target. ADI also declared a quarterly dividend of $1.10 per share, while insiders have sold $42.25 million of stock over the past 90 days.

United Bank acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,449 shares of the semiconductor company's stock, valued at approximately $2,959,000. Analog Devices makes up approximately 0.9% of United Bank's holdings, making the stock its 27th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Uptick Partners LLC bought a new stake in Analog Devices during the 2nd quarter valued at $300,000. Madison Asset Management LLC acquired a new position in Analog Devices during the 2nd quarter worth $124,407,000. Csenge Advisory Group bought a new position in shares of Analog Devices in the second quarter worth $498,000. AssuredPartners Investment Advisors LLC bought a new position in shares of Analog Devices in the second quarter worth $1,983,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Analog Devices during the second quarter valued at $1,568,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 1,432 shares of Analog Devices 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 in the company, valued at approximately $48,169,745.25. The trade was a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the business's stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director directly owned 11,019 shares in the company, valued at approximately $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 105,274 shares of company stock worth $42,247,986. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. TD Cowen increased their target price on shares of Analog Devices from $450.00 to $460.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Evercore reissued an "outperform" rating and set a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Wolfe Research restated an "outperform" rating and set a $475.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $443.24.

Analog Devices Price Performance

NASDAQ ADI opened at $373.26 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a market cap of $181.81 billion, a PE ratio of 55.46, a PEG ratio of 0.98 and a beta of 1.20. The stock's 50-day moving average price is $389.98 and its two-hundred day moving average price is $370.68.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.91 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business's revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts predict that Analog Devices, Inc. will post 12.42 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. Investors of record on Tuesday, September 1st will be paid 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 dividend payout ratio (DPR) is currently 65.38%.

Trending Headlines about Analog Devices

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

• Positive Sentiment: Analog Devices reported record fiscal third-quarter revenue of $4.02 billion, up 39.2% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also surpassed expectations of roughly $3.33–$3.34. Growth was led by data-center and industrial demand. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: The company issued above-consensus fiscal fourth-quarter guidance, calling for revenue of $4.2 billion to $4.4 billion and EPS of $3.71 to $4.01, versus analyst expectations of approximately $4.1 billion and $3.53, respectively. Management cited continued demand for power-management chips used in AI data centers and industrial applications. Analog Devices' quarterly forecast tops estimates on AI-fueled chip demand
• Positive Sentiment: Goldman Sachs reiterated a Buy rating and a $450 price target following the earnings beat and stronger outlook. Analog Devices also declared a quarterly dividend of $1.10 per share, payable September 15. Goldman Sachs reiterates Buy rating

Analog Devices 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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