PCM Encore LLC Acquires New Position in Analog Devices, Inc. $ADI

PCM Encore LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,996 shares of the semiconductor company’s stock, valued at approximately $793,000.

Other large investors have also recently bought and sold shares of the company. Trillium Asset Management LLC acquired a new position in Analog Devices in the second quarter valued at approximately $2,153,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,811,000. E Fund Management Co. Ltd. acquired a new stake in shares of Analog Devices during the 2nd quarter worth approximately $12,151,000. Notis McConarty Edward bought a new stake in shares of Analog Devices in the 2nd quarter worth approximately $9,642,000. Finally, Asahi Life Asset Management CO. LTD. bought a new stake in shares of Analog Devices in the 2nd quarter worth approximately $647,000. Institutional investors own 86.81% of the company’s stock.

Trending Headlines about Analog Devices

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

• Positive Sentiment: Strong Q3 beat and upbeat outlook: Fiscal third-quarter revenue reached a record $4.02 billion, up approximately 40% year over year and above the roughly $3.91 billion consensus estimate. Non-GAAP EPS of $3.45 also exceeded expectations. Management guided for fourth-quarter revenue of $4.2 billion-$4.4 billion and EPS of $3.71-$4.01, both ahead of Wall Street forecasts. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: AI and data-center demand are accelerating: Growth in data-center power-management and optical products, along with industrial demand, is supporting momentum into fiscal 2027. ADI says a potential 100-gigawatt data-center buildout by 2031 could represent a significant long-term opportunity. Analog Devices Sees 100 GW Data Center Buildout
• Positive Sentiment: Analysts raised targets: JPMorgan lifted its target to $500 and maintained an Overweight rating. Needham raised its target to $450, while TD Cowen reaffirmed Buy with a $460 target; Susquehanna also reiterated Buy with a $475 target. These revisions indicate improving confidence in ADI’s AI infrastructure growth. Analog Devices Is Cashing in on the AI Boom
• Positive Sentiment: Shareholder returns remain supportive: ADI declared a quarterly dividend of $1.10 per share, payable September 15 to shareholders of record September 1, and returned approximately $1.7 billion through dividends and repurchases during the quarter.
• Neutral Sentiment: ADI is increasingly being viewed as a dividend-paying way to participate in the AI boom, potentially broadening its appeal to income-oriented investors. 3 Buy-Rated Dividend Stocks to Play the AI Boom
• Negative Sentiment: Valuation and AI-trade concerns are limiting the reaction: One analyst argued that the stock’s elevated valuation and multiple contraction could overshadow the strong fundamentals, warning that investor enthusiasm around AI may be creating additional downside risk. Analog Devices Earnings Reaction Warning

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $370.24 on Friday. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a market cap of $180.34 billion, a PE ratio of 43.92, a P/E/G ratio of 0.97 and a beta of 1.20. The stock has a 50 day simple moving average of $389.14 and a 200-day simple moving average of $371.10. The company has a current ratio of 1.25, a quick ratio of 1.34 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm’s revenue was up 39.2% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is presently 65.38%.

Analyst Ratings Changes

A number of research analysts recently commented on ADI shares. Fundamental Research set a $550.00 price objective on Analog Devices in a research note on Monday, June 29th. Needham & Company LLC raised their target price on Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America upped their price target on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $430.00 to $465.00 in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $447.13.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction dated 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 directly owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the sale, the director directly owned 11,019 shares of the company’s stock, valued at $4,295,536.77. The trade was a 8.32% decrease in their position. 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 75,274 shares of company stock valued at $30,343,386 over the last three months. 0.36% of the stock is currently owned by company insiders.

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.