Carnegie Investment Counsel Makes New $270,000 Investment in Analog Devices, Inc. $ADI

Carnegie Investment Counsel bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,135 shares of the semiconductor company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft raised its position in shares of Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after buying an additional 43 shares during the last quarter. Bennett Associates Wealth Management raised its position in shares of Analog Devices by 2.9% during the second quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 46 shares during the last quarter. EFG Asset Management North America Corp. raised its position in shares of Analog Devices by 0.3% during the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company’s stock valued at $2,866,000 after buying an additional 47 shares during the last quarter. Plimoth Trust Co. LLC raised its position in shares of Analog Devices by 1.8% during the second quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company’s stock valued at $624,000 after buying an additional 47 shares during the last quarter. Finally, Regatta Capital Group LLC raised its position in shares of Analog Devices by 4.5% during the second quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 48 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Morgan Stanley lifted their price objective on shares of Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Seaport Res Ptn raised shares of Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Finally, Truist Financial raised their target price on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $275.29.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the transaction, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 12,500 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares in the company, valued at $15,525,570. This trade represents a 16.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,115 shares of company stock valued at $12,232,985. Insiders own 0.33% of the company’s stock.

Analog Devices Trading Down 2.2%

ADI stock opened at $238.01 on Monday. The firm has a fifty day moving average price of $244.35 and a 200 day moving average price of $228.23. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The firm has a market cap of $117.09 billion, a PE ratio of 60.72, a price-to-earnings-growth ratio of 2.01 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 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, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.7%. Analog Devices’s payout ratio is 101.02%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.