Deprince Race & Zollo Inc. Cuts Position in Analog Devices, Inc. $ADI

Deprince Race & Zollo Inc. decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 14.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 72,837 shares of the semiconductor company’s stock after selling 11,844 shares during the period. Deprince Race & Zollo Inc.’s holdings in Analog Devices were worth $23,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ING Groep NV raised its stake in Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after acquiring an additional 69,202 shares during the period. Nordea Investment Management AB increased its holdings in shares of Analog Devices by 247.3% in the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after acquiring an additional 249,702 shares during the period. Covenant Asset Management LLC bought a new stake in Analog Devices in the 4th quarter valued at about $2,500,000. HF Advisory Group LLC grew its position in Analog Devices by 661.6% in the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after purchasing an additional 43,168 shares during the last quarter. Finally, Jones Kertz & Associates Inc. bought a new position in Analog Devices in the 4th quarter worth about $1,480,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

Shares of ADI stock opened at $388.98 on Thursday. The company has a market capitalization of $189.47 billion, a price-to-earnings ratio of 57.80, a P/E/G ratio of 1.11 and a beta of 1.18. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $409.44 and its 200-day simple moving average is $348.36.

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

Analog Devices Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is presently 65.38%.

Insider Transactions at Analog Devices

In other news, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at $23,546,776. This trade represents a 23.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 91,442 shares of company stock valued at $37,241,554. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ADI shares. Argus set a $460.00 price target on Analog Devices in a report on Tuesday, May 26th. KeyCorp lifted their price target on Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Evercore restated an “outperform” rating and set a $474.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $439.79.

Analog Devices Company 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.