Cetera Investment Advisers Has $43.91 Million Stock Position in Analog Devices, Inc. $ADI

Cetera Investment Advisers cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,037 shares of the semiconductor company’s stock after selling 6,258 shares during the quarter. Cetera Investment Advisers’ holdings in Analog Devices were worth $43,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $2,215,516,000. Bank of America Corp DE boosted its stake in Analog Devices by 42.8% during the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after buying an additional 2,912,666 shares in the last quarter. Amundi increased its holdings in Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after buying an additional 1,922,302 shares during the period. Raymond James Financial Inc. raised its stake in shares of Analog Devices by 29.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after buying an additional 1,091,004 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Analog Devices by 3,456.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock worth $287,398,000 after acquiring an additional 1,029,927 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $53,605,435.50. The trade was a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total transaction of $533,846.16. Following the transaction, the director owned 117,343 shares in the company, valued at approximately $44,239,484.43. The trade was a 1.19% decrease in their ownership of the stock. 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 have sold 103,858 shares of company stock valued at $42,062,730 in the last three months. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADI. Truist Financial lifted their target price on shares of Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Fundamental Research set a $550.00 price target on shares of Analog Devices in a research note on Monday, June 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Needham & Company LLC upped their price target on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Cantor Fitzgerald upped their target price on shares of Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $441.00.

Analog Devices Trading Down 2.2%

Shares of NASDAQ ADI opened at $371.86 on Friday. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91. The company has a market cap of $181.13 billion, a PE ratio of 55.25, a P/E/G ratio of 0.96 and a beta of 1.18. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $401.93 and a two-hundred day moving average of $360.65.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

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.