NewEdge Advisors LLC Raises Stock Position in Analog Devices, Inc. $ADI

NewEdge Advisors LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,858 shares of the semiconductor company’s stock after buying an additional 5,322 shares during the period. NewEdge Advisors LLC’s holdings in Analog Devices were worth $99,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Banque Transatlantique SA purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in Analog Devices in the second quarter worth $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices in the second quarter worth $25,000. Hilton Head Capital Partners LLC bought a new position in Analog Devices in the fourth quarter worth $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices during the fourth quarter valued at $27,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

ADI stock opened at $363.20 on Wednesday. The stock has a market capitalization of $175.99 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The stock’s 50 day simple moving average is $375.90 and its 200 day simple moving average is $374.46.

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

Analog Devices Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on ADI. Jefferies Financial Group boosted their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. KeyCorp raised their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Piper Sandler set a $460.00 target price on shares of Analog Devices in a report on Tuesday. Wolfe Research reissued an “outperform” rating and issued a $475.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Stifel Nicolaus upped their price target on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. 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 presently has a consensus rating of “Buy” and a consensus price target of $457.97.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total value of $3,563,300.00. Following the completion of the sale, the chief executive officer owned 134,660 shares of the company’s stock, valued at approximately $47,983,397.80. The trade was a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the sale, the director owned 10,019 shares of the company’s stock, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 38,515 shares of company stock worth $14,340,227. Company insiders own 0.36% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.