USA Financial Formulas Purchases New Position in Analog Devices, Inc. $ADI

Key Points

• USA Financial Formulas purchased 3,024 Analog Devices shares worth approximately $1.2 million during the third quarter, making ADI its 28th-largest holding. Institutional investors and hedge funds collectively own 86.81% of the company.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding analyst estimates, while revenue grew 39.2% year over year. The company also pays a $1.10 quarterly dividend, equivalent to a 1.1% yield.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $460.09 versus the reported share price of $395.44. However, insiders sold 50,936 shares worth $19.4 million over the past three months.

USA Financial Formulas purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,024 shares of the semiconductor company's stock, valued at approximately $1,200,000. Analog Devices accounts for about 0.2% of USA Financial Formulas' investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Analog Devices during the 2nd quarter worth $18,610,868,000. Bank of America Corp DE bought a new position in Analog Devices in the 2nd quarter worth $3,573,081,000. Van ECK Associates Corp raised its holdings in Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares during the period. Amundi raised its holdings in Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock worth $1,604,771,000 after acquiring an additional 254,632 shares during the period. Finally, Legal & General Group Plc acquired a new position in Analog Devices during the 2nd quarter worth $1,525,167,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Performance

NASDAQ:ADI opened at $395.44 on Friday. The firm's 50-day moving average is $382.76 and its 200-day moving average is $386.52. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-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 cap of $191.62 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.22 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. The firm's revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 12.99 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices's payout ratio is currently 52.19%.

Key Analog Devices News

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

• Positive Sentiment: KeyCorp sharply increased its long-term earnings forecast. The firm raised its FY2027 EPS estimate to $17.88 from $15.32, implying substantially stronger expected profitability. It also lifted estimates for every quarter from Q4 2026 through Q4 2027, citing a more favorable outlook for Analog Devices’ earnings trajectory. KeyBanc keeps USD 525 target for Analog Devices stock
• Positive Sentiment: Near-term estimates were also raised. KeyCorp increased its FY2026 EPS forecast to $13.06 from $12.62 and raised its Q4 2026 estimate to $4.07 from $3.67. Forecasts for Q1 through Q4 2027 were raised to $4.17, $4.35, $4.63 and $4.74, respectively. These revisions put KeyCorp’s estimates above the current full-year consensus of $12.99 and reinforce its $525 target.
• Positive Sentiment: Analog Devices is partnering with InoBat on battery energy-storage systems for AI data centers. The collaboration could provide exposure to growing data-center power and energy-storage demand, although the announcement did not disclose financial terms or expected revenue. InoBat, Analog Devices to team up on BESS for AI data centres
• Neutral Sentiment: The stock has recently traded below KeyCorp’s $525 price objective, but the shares decreased even as analysts raised earnings expectations. That divergence suggests investors may be focused on valuation, broader semiconductor-market conditions or profit-taking rather than the upgraded forecasts alone.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADI shares. Needham & Company LLC upped their price target on shares of Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $510.00 price objective (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a research note on Thursday, August 20th. Fundamental Research set a $550.00 price objective on Analog Devices in a research report on Monday, June 29th. Finally, TD Cowen restated a "buy" rating and set a $460.00 target price (up from $450.00) on shares of Analog Devices in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average target price of $460.09.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the transaction, the chief executive officer owned 115,460 shares of the company's stock, valued at $45,830,692.40. This represents a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the firm's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares of the company's stock, valued at $16,437,216.24. This represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 50,936 shares of company stock worth $19,430,764 over the last three months. Company insiders own 0.36% of the company's stock.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

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