QRG Capital Management Inc. Has $17.61 Million Stock Position in Analog Devices, Inc. $ADI

QRG Capital Management Inc. reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 23.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 71,655 shares of the semiconductor company’s stock after selling 21,986 shares during the quarter. QRG Capital Management Inc.’s holdings in Analog Devices were worth $17,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. Howard Hughes Medical Institute acquired a new stake in shares of Analog Devices in the second quarter valued at about $25,000. RMG Wealth Management LLC acquired a new stake in Analog Devices in the 2nd quarter valued at approximately $26,000. Clayton Financial Group LLC acquired a new position in shares of Analog Devices during the third quarter worth approximately $31,000. Sound Income Strategies LLC boosted its position in shares of Analog Devices by 141.8% in the third quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 95 shares during the period. Finally, Access Investment Management LLC bought a new position in shares of Analog Devices during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: Wells Fargo upgraded ADI from “equal weight” to “overweight” and raised its price target to $340 (from $265), signaling stronger buy-side conviction that the stock can rally further. Wells Fargo upgrade / The Fly
• Positive Sentiment: Stifel Nicolaus raised its price target to $330 and reiterated a “buy” stance, adding top-down analyst support for the stock’s near-term upside. Stifel price target raise / The Fly
• Positive Sentiment: KeyCorp remains constructive — issuing an “Overweight” rating, a $375 target and above-consensus multi-year EPS forecasts (FY26/27 and quarterly cadence) that imply stronger earnings growth expectations. That helps justify higher multiples. KeyCorp coverage / MarketBeat ADI page
• Positive Sentiment: Recent fundamentals remain supportive: ADI beat EPS and revenue in its latest quarter with healthy year-over-year revenue growth, underpinning margin and cash-flow confidence. Earnings recap / MarketBeat
• Neutral Sentiment: Market structure: ADI is trading with above-average volume and near its 52‑week high, which amplifies momentum but also raises short-term volatility risk for traders. Trading note / Zacks
• Negative Sentiment: Insider selling: Director Ray Stata reported a 3,125-share sale (Jan. 13) and other small insider disposals were disclosed; while modest relative to total holdings, such sales can be interpreted negatively by some investors. Ray Stata Form 4 / SEC
• Negative Sentiment: Valuation & payout risks: ADI trades at a high P/E and carries an elevated dividend payout ratio (~87%), which could constrict upside if earnings growth slows or capital-return visibility weakens. Valuation note / Yahoo Finance
• Negative Sentiment: Additional insider sale reported: an SVP disclosed a roughly $150k sale, reinforcing the insider-selling narrative (smaller scale but notable to some investors). SVP sale / AmericanBankingNews

Wall Street Analysts Forecast Growth

ADI has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on Analog Devices from $290.00 to $330.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer lifted their price objective on Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 target price on shares of Analog Devices in a report on Tuesday, December 16th. Evercore ISI cut their price target on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Finally, BNP Paribas Exane started coverage on shares of Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.52.

Analog Devices Trading Down 0.6%

ADI opened at $300.25 on Friday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $309.17. The firm has a 50-day moving average price of $269.25 and a two-hundred day moving average price of $250.00. The stock has a market capitalization of $147.02 billion, a PE ratio of 65.84, a PEG ratio of 1.65 and a beta of 1.03. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the business posted $1.67 earnings per share. Analog Devices’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio is presently 86.84%.

Insider Activity

In related news, SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the completion of the transaction, the senior vice president owned 12,710 shares in the company, valued at approximately $3,831,556.60. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $275.07, for a total value of $2,750,700.00. Following the transaction, the chief executive officer owned 155,688 shares in the company, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,544 shares of company stock valued at $14,328,561. Insiders own 0.33% of the company’s stock.

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.