Analog Devices, Inc. $ADI Stock: Cornerstone Advisors LLC Grows Holdings

Cornerstone Advisors LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 45.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,246 shares of the semiconductor company’s stock after purchasing an additional 10,406 shares during the quarter. Cornerstone Advisors LLC’s holdings in Analog Devices were worth $13,189,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADI. 10Elms LLP lifted its holdings in shares of Analog Devices by 38.8% in the 3rd quarter. 10Elms LLP now owns 143 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 40 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Analog Devices by 1.2% in the 3rd quarter. Moors & Cabot Inc. now owns 3,297 shares of the semiconductor company’s stock valued at $1,308,000 after purchasing an additional 39 shares during the period. Allworth Financial LP grew its stake in Analog Devices by 21.9% during the 3rd quarter. Allworth Financial LP now owns 10,807 shares of the semiconductor company’s stock worth $4,292,000 after buying an additional 1,942 shares during the last quarter. Ariadne Wealth Management LP grew its stake in Analog Devices by 14.9% during the 3rd quarter. Ariadne Wealth Management LP now owns 950 shares of the semiconductor company’s stock worth $377,000 after buying an additional 123 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. increased its position in Analog Devices by 1.1% during the third quarter. Eurizon Capital SGR S.p.A. now owns 285,384 shares of the semiconductor company’s stock worth $113,248,000 after buying an additional 2,995 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADI. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Piper Sandler set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, September 8th. Robert W. Baird lifted their target price on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and upped their price target for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. Finally, TD Cowen upped their price target on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Thirty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $461.85.

Analog Devices News Summary

Here’s some of the latest news about ADI:

• Positive Sentiment: Roth Capital initiated coverage with a Buy rating and a $505 price target, citing Analog Devices’ growing content in AI infrastructure. Roth Capital Buy rating article
• Neutral Sentiment: An article reported fresh ETF buying in ADI, which may provide some demand support, while also raising the question of whether the stock is already expensive. ETF buying and valuation article
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, adding to near-term pressure. Zacks Research rating information

Analog Devices Stock Performance

NASDAQ ADI opened at $397.97 on Friday. The firm has a market cap of $192.84 billion, a P/E ratio of 47.21, a P/E/G ratio of 0.99 and a beta of 1.24. Analog Devices, Inc. has a 52-week low of $224.25 and a 52-week high of $445.91. The business’s 50-day moving average price is $394.80 and its 200 day moving average price is $375.87. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $2.05 EPS. The firm’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts expect that Analog Devices, Inc. will post 12.88 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s payout ratio is presently 52.19%.

Insider Activity

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the transaction, the insider owned 40,428 shares in the company, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 52,436 shares of company stock valued at $20,681,906. Company insiders own 0.36% of the company’s stock.

About Analog Devices

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.