Community Financial Services Group LLC Buys 10,932 Shares of Analog Devices, Inc. $ADI

Community Financial Services Group LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 98.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,059 shares of the semiconductor company’s stock after purchasing an additional 10,932 shares during the quarter. Analog Devices accounts for about 1.2% of Community Financial Services Group LLC’s holdings, making the stock its 29th largest holding. Community Financial Services Group LLC’s holdings in Analog Devices were worth $8,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Analog Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after acquiring an additional 503,970 shares during the last quarter. State Street Corp raised its holdings in Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock valued at $6,369,833,000 after buying an additional 88,538 shares during the last quarter. Morgan Stanley increased its holdings in Analog Devices by 1.9% during the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after purchasing an additional 194,535 shares during the period. Bank of America Corp DE raised its holdings in shares of Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after acquiring an additional 501,604 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Analog Devices in the 4th quarter worth about $2,215,516,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 1.5%

NASDAQ:ADI opened at $383.92 on Tuesday. 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 market cap of $187.00 billion, a price-to-earnings ratio of 57.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The stock has a fifty day simple moving average of $394.22 and a 200-day simple moving average of $367.04. Analog Devices, Inc. has a twelve month low of $223.44 and a twelve month high of $445.91.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s payout ratio is presently 65.38%.

Insider Activity

In other news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 105,274 shares of company stock worth $42,247,986. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wolfe Research restated an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating and issued a $474.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Barclays upped their price target on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Fundamental Research set a $550.00 price target on Analog Devices in a report on Monday, June 29th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $450.00 target price on shares of Analog Devices in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $441.00.

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.