Summit Investment Advisors Inc. Grows Stake in Analog Devices, Inc. $ADI

Summit Investment Advisors Inc. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,023 shares of the semiconductor company’s stock after purchasing an additional 354 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Analog Devices were worth $5,248,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Baader Bank Aktiengesellschaft boosted its holdings in Analog Devices by 3.9% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 43 shares during the period. Bennett Associates Wealth Management raised its stake 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 purchasing an additional 46 shares during the period. Solstein Capital LLC lifted its position in shares of Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after purchasing an additional 46 shares in the last quarter. EFG Asset Management North America Corp. lifted 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 worth $2,866,000 after purchasing an additional 47 shares in the last quarter. Finally, Plimoth Trust Co. LLC boosted its stake in shares of Analog Devices by 1.8% in the second quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company’s stock valued at $624,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADI. BNP Paribas Exane assumed coverage on shares of Analog Devices in a research report on Tuesday. They issued an “outperform” rating and a $300.00 price objective for the company. Seaport Res Ptn raised Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Cantor Fitzgerald raised their price objective on Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Morgan Stanley upped their target price on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus raised their price target on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.89.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $228.48 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $112.40 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The business has a 50 day simple moving average of $241.70 and a 200-day simple moving average of $231.70.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the business posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio is currently 101.02%.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total transaction of $719,406.25. Following the completion of the transaction, the director directly owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,240 shares of company stock valued at $15,301,891 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

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.