Weitz Investment Management Inc. Decreases Stake in Analog Devices, Inc. $ADI

Weitz Investment Management Inc. reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 4.7% during the fourth quarter, HoldingsChannel reports. The fund owned 132,800 shares of the semiconductor company’s stock after selling 6,500 shares during the quarter. Analog Devices comprises 2.1% of Weitz Investment Management Inc.’s holdings, making the stock its 19th biggest position. Weitz Investment Management Inc.’s holdings in Analog Devices were worth $36,015,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices in the fourth quarter worth about $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices during the 4th quarter valued at approximately $27,000. Y.D. More Investments Ltd purchased a new stake in shares of Analog Devices during the 3rd quarter valued at approximately $32,000. Albion Financial Group UT boosted its holdings in Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after buying an additional 36 shares during the period. Finally, Entrust Financial LLC bought a new position in Analog Devices in the 4th quarter worth approximately $33,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Analog Devices stock opened at $412.13 on Friday. The stock has a market cap of $200.74 billion, a price-to-earnings ratio of 61.24, a PEG ratio of 1.10 and a beta of 1.18. 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 business has a 50-day simple moving average of $389.82 and a 200 day simple moving average of $334.10. Analog Devices, Inc. has a 52 week low of $218.37 and a 52 week high of $439.70.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the firm posted $1.85 EPS. The company’s revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s payout ratio is presently 65.38%.

Insider Buying and Selling at Analog Devices

In other news, 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 approximately $23,546,776. This trade represents a 23.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the sale, the director directly owned 120,175 shares of the company’s stock, valued at $48,169,745.25. This represents a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 99,026 shares of company stock worth $39,447,281 over the last three months. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ADI has been the topic of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Arete Research raised Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price objective on the stock in a report on Monday, March 30th. Sanford C. Bernstein reiterated a “market perform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Stifel Nicolaus raised their price objective on shares of Analog Devices from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $432.71.

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.