16,576 Shares in Analog Devices, Inc. $ADI Acquired by SummitTX Capital L.P.

SummitTX Capital L.P. acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the first quarter, Holdings Channel reports. The fund acquired 16,576 shares of the semiconductor company’s stock, valued at approximately $5,273,000.

Other large investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new position in shares of Analog Devices during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices in the 4th quarter worth about $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Analog Devices in the 4th quarter worth about $27,000. Evolution Wealth Management Inc. bought a new stake in Analog Devices in the 1st quarter valued at about $30,000. Finally, Albion Financial Group UT boosted its stake in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADI. 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 research report on Monday, June 29th. Evercore reaffirmed an “outperform” rating and set a $474.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Oppenheimer boosted their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Raymond James Financial restated an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $441.00.

Analog Devices Stock Performance

NASDAQ:ADI opened at $371.89 on Tuesday. Analog Devices, Inc. has a twelve month low of $218.37 and a twelve month high of $445.91. 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 $400.99 and a 200-day moving average of $361.79. The firm has a market cap of $181.14 billion, a price-to-earnings ratio of 55.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18.

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

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is currently 65.38%.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares of the company’s stock, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the director owned 117,343 shares of the company’s stock, valued at $44,239,484.43. This trade represents a 1.19% 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. Insiders have sold a total of 103,858 shares of company stock valued at $42,062,730 in the last three months. 0.36% of the stock is currently owned by insiders.

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.