Nwam LLC Grows Stock Holdings in Analog Devices, Inc. $ADI

Nwam LLC lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 25.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,235 shares of the semiconductor company’s stock after acquiring an additional 2,259 shares during the quarter. Nwam LLC’s holdings in Analog Devices were worth $4,462,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Analog Devices in the second quarter valued at $18,610,868,000. Bank of America Corp DE purchased a new stake in shares of Analog Devices in the 2nd quarter worth about $3,573,081,000. Norges Bank purchased a new stake in shares of Analog Devices in the 4th quarter worth about $2,215,516,000. Legal & General Group Plc acquired a new stake in Analog Devices in the 2nd quarter valued at about $1,525,167,000. Finally, Bank of New York Mellon Corp purchased a new position in Analog Devices during the 2nd quarter valued at about $1,326,066,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADI has been the topic of several recent research reports. Jefferies Financial Group upped their price target 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. Bank of America lifted their price objective on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $480.00 target price on shares of Analog Devices in a report on Wednesday, August 19th. Finally, Truist Financial raised their price target on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Buy” and an average target price of $454.63.

Insiders Place Their Bets

In other news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the sale, the director owned 10,019 shares of the company’s stock, valued at $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value 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 $49,926,294. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,363 shares of company stock worth $11,914,639 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $362.14 on Tuesday. The company has a 50-day simple moving average of $381.10 and a 200-day simple moving average of $373.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The company has a market cap of $175.48 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

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

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend 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%.

About Analog Devices

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.