Harvest Fund Management Co. Ltd grew its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 20.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,587 shares of the semiconductor company’s stock after purchasing an additional 6,338 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Analog Devices were worth $10,191,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. 1620 Investment Advisors Inc. grew its holdings in shares of Analog Devices by 5.0% during the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after buying an additional 32 shares during the last quarter. Covestor Ltd grew its holdings in shares of Analog Devices by 14.1% during the fourth quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 34 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Analog Devices by 9.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 35 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 36 shares during the last quarter. Finally, Washington Trust Bank grew its holdings in shares of Analog Devices by 1.4% during the fourth quarter. Washington Trust Bank now owns 2,596 shares of the semiconductor company’s stock valued at $704,000 after buying an additional 37 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Analog Devices
In other Analog Devices news, 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 value of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 97,594 shares of company stock valued at $38,873,292. Insiders own 0.36% of the company’s stock.
Analog Devices Trading Down 2.0%
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion during 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 was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts predict that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a $1.10 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Analog Devices’s dividend payout ratio is 65.38%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ADI. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Morgan Stanley reissued an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a report on Thursday, February 19th. UBS Group boosted their price objective on shares of Analog Devices from $400.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Benchmark boosted their price objective on shares of Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $432.71.
Get Our Latest Analysis on ADI
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.
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