Texas Capital Bank Wealth Management Services Inc Acquires Shares of 4,525 Analog Devices, Inc. $ADI

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,525 shares of the semiconductor company’s stock, valued at approximately $1,797,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ADI. Brighton Jones LLC lifted its position in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 464 shares in the last quarter. Ieq Capital LLC increased its holdings in Analog Devices by 38.0% in the second quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock valued at $10,610,000 after buying an additional 12,276 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in Analog Devices during the second quarter valued at approximately $644,000. Finally, Peapack Gladstone Financial Corp raised its stake in Analog Devices by 2.4% during the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock valued at $14,322,000 after buying an additional 1,406 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 0.2%

NASDAQ:ADI opened at $390.28 on Tuesday. 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 has a 50 day moving average of $390.93 and a 200-day moving average of $369.88. The firm has a market capitalization of $190.10 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the business posted $1.85 EPS. The business’s revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on ADI shares. Evercore reaffirmed an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Barclays upped their price target on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Raymond James Financial restated an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Jefferies Financial Group lifted their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Needham & Company LLC boosted their target price on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $441.00.

Insider Buying and Selling

In related news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total value of $534,355.92. Following the sale, the director directly owned 114,511 shares in the company, valued at $43,213,016.07. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $49,926,294. This trade represents a 6.78% decrease in their position. 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 ninety days, insiders have sold 105,274 shares of company stock valued at $42,247,986. 0.36% of the stock is owned by corporate insiders.

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.