Cannell & Spears LLC Buys 75,862 Shares of Analog Devices, Inc. $ADI

Cannell & Spears LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 28.1% in the 3rd quarter, Holdings Channel reports. The firm owned 346,191 shares of the semiconductor company’s stock after purchasing an additional 75,862 shares during the period. Analog Devices accounts for approximately 1.6% of Cannell & Spears LLC’s holdings, making the stock its 12th biggest position. Cannell & Spears LLC’s holdings in Analog Devices were worth $85,059,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Analog Devices by 0.3% during the third quarter. Vanguard Group Inc. now owns 50,389,306 shares of the semiconductor company’s stock valued at $12,380,652,000 after purchasing an additional 162,075 shares during the last quarter. State Street Corp lifted its stake in shares of Analog Devices by 2.2% in the second quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock worth $5,549,973,000 after buying an additional 506,507 shares during the last quarter. Norges Bank acquired a new stake in shares of Analog Devices in the second quarter worth $1,803,377,000. Ameriprise Financial Inc. boosted its holdings in shares of Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after buying an additional 375,207 shares during the period. Finally, Amundi boosted its holdings in shares of Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after buying an additional 1,922,302 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the sale, the senior vice president owned 49,664 shares of the company’s stock, valued at $13,828,444.16. The trade was a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75. Following the completion of the transaction, the director directly owned 136,321 shares of the company’s stock, valued at $38,086,724.19. This trade represents a 2.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 49,574 shares of company stock worth $14,565,113. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ADI shares. Susquehanna lifted their target price on shares of Analog Devices from $360.00 to $400.00 and gave the stock a “positive” rating in a report on Thursday, February 19th. UBS Group upped their price target on shares of Analog Devices from $400.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, February 19th. The Goldman Sachs Group boosted their price objective on Analog Devices from $300.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Cantor Fitzgerald increased their target price on Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company increased their price objective on Analog Devices from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.96.

Analog Devices Trading Down 0.4%

Analog Devices stock opened at $306.07 on Friday. The business has a 50 day moving average price of $320.42 and a two-hundred day moving average price of $275.36. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $363.20. The stock has a market cap of $149.42 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.15. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.Analog Devices’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be issued a $1.10 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $4.40 annualized dividend and a yield of 1.4%. Analog Devices’s payout ratio is presently 80.44%.

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.