Perennial Investment Advisors LLC Takes $1.15 Million Position in Analog Devices, Inc. $ADI

Perennial Investment Advisors LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, Holdings Channel reports. The firm acquired 2,883 shares of the semiconductor company’s stock, valued at approximately $1,145,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. ING Groep NV boosted its stake in Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after purchasing an additional 69,202 shares during the period. Covenant Asset Management LLC acquired a new position in Analog Devices in the fourth quarter valued at $2,500,000. MGO One Seven LLC raised its holdings in shares of Analog Devices by 17.7% in the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock valued at $12,352,000 after buying an additional 6,846 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Analog Devices by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company’s stock worth $271,791,000 after buying an additional 23,531 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Analog Devices by 108.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock worth $6,511,000 after buying an additional 10,648 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, 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 position. The transaction 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, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the transaction, the director owned 11,019 shares of the company’s stock, valued at $4,295,536.77. This represents 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. Over the last three months, insiders have sold 45,274 shares of company stock worth $17,889,486. 0.36% of the stock is owned by insiders.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $371.80 on Thursday. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a 50-day moving average price of $385.42 and a 200 day moving average price of $372.64. The company has a market cap of $180.16 billion, a P/E ratio of 44.10, a PEG ratio of 0.76 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADI. Morgan Stanley boosted their price target on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Wolfe Research reiterated an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $480.00 target price on shares of Analog Devices in a report on Wednesday, August 19th. Raymond James Financial restated an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Analog Devices currently has an average rating of “Buy” and an average price target of $454.63.

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.