Madison Asset Management LLC Buys Shares of 313,234 Analog Devices, Inc. $ADI

Madison Asset Management LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 313,234 shares of the semiconductor company’s stock, valued at approximately $124,407,000. Analog Devices makes up approximately 1.5% of Madison Asset Management LLC’s holdings, making the stock its 17th biggest holding. Madison Asset Management LLC owned approximately 0.06% of Analog Devices as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Analog Devices during the 2nd quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of Analog Devices in the 2nd quarter valued at about $32,000. Banque Transatlantique SA bought a new position in shares of Analog Devices during the fourth quarter worth about $25,000. Evolution Wealth Management Inc. bought a new position in shares of Analog Devices during the first quarter worth about $30,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Analog Devices in the fourth quarter worth about $26,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADI shares. Bank of America upped their price objective on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings lowered Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. The Goldman Sachs Group reissued a “buy” rating and set a $480.00 price target on shares of Analog Devices in a research report on Wednesday. Finally, Needham & Company LLC raised their price objective on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $443.24.

Analog Devices Stock Performance

ADI stock opened at $373.26 on Thursday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The stock has a market capitalization of $181.81 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 0.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The stock’s fifty day moving average is $389.98 and its two-hundred day moving average is $370.68.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results 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 net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The company’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio is 65.38%.

Insider Activity

In related news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at $23,546,776. This represents a 23.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,274 shares of company stock worth $42,247,986 in the last quarter. Company insiders own 0.36% of the company’s stock.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Analog Devices reported record fiscal third-quarter revenue of $4.02 billion, up 39.2% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also surpassed expectations of roughly $3.33–$3.34. Growth was led by data-center and industrial demand. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: The company issued above-consensus fiscal fourth-quarter guidance, calling for revenue of $4.2 billion to $4.4 billion and EPS of $3.71 to $4.01, versus analyst expectations of approximately $4.1 billion and $3.53, respectively. Management cited continued demand for power-management chips used in AI data centers and industrial applications. Analog Devices’ quarterly forecast tops estimates on AI-fueled chip demand
• Positive Sentiment: Goldman Sachs reiterated a Buy rating and a $450 price target following the earnings beat and stronger outlook. Analog Devices also declared a quarterly dividend of $1.10 per share, payable September 15. Goldman Sachs reiterates Buy rating

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.