ING Groep NV grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 45.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 222,559 shares of the semiconductor company’s stock after purchasing an additional 69,202 shares during the quarter. ING Groep NV’s holdings in Analog Devices were worth $60,358,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nordea Investment Management AB increased its holdings in Analog Devices by 247.3% in the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after acquiring an additional 249,702 shares in the last quarter. HF Advisory Group LLC increased its holdings in Analog Devices by 661.6% in the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after acquiring an additional 43,168 shares in the last quarter. Jones Kertz & Associates Inc. purchased a new stake in Analog Devices in the 4th quarter worth approximately $1,480,000. MGO One Seven LLC increased its holdings in Analog Devices by 17.7% in the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock worth $12,352,000 after acquiring an additional 6,846 shares in the last quarter. Finally, Covenant Asset Management LLC purchased a new stake in Analog Devices in the 4th quarter worth approximately $2,500,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Key Headlines Impacting Analog Devices
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: JPMorgan lifted its price target on Analog Devices to $450 from $400 and reiterated an Overweight rating, signaling continued upside expectations after the company’s strong quarterly results. JPMorgan Raises its Price Target on Analog Devices (ADI)
- Positive Sentiment: Recent coverage continues to point to ADI’s strong earnings momentum and growth in revenue, supporting the stock’s recent strength and investor confidence. Analog Devices (ADI) Is Up 4.23% in One Week: What You Should Know
- Neutral Sentiment: ADI was also mentioned in an article grouping it with drone-technology and AI/aerospace names, which may help keep it on investors’ radar but does not represent a direct company-specific catalyst. Buy 4 Drone Technology Stocks to Enhance Your Portfolio Returns
- Negative Sentiment: A senior vice president sold shares worth about $7.35 million, and the insider-selling trend may weigh on sentiment even though the sale appears to be part of routine trading activity. Analog Devices (NASDAQ:ADI) SVP Sells $7,354,292.00 in Stock
Insider Transactions at Analog Devices
Analog Devices Price Performance
Shares of NASDAQ:ADI opened at $401.39 on Friday. 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 firm has a fifty day moving average price of $382.39 and a 200 day moving average price of $328.53. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $439.70. The firm has a market cap of $195.51 billion, a price-to-earnings ratio of 59.64, a P/E/G ratio of 1.12 and a beta of 1.18.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its earnings results 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 firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.
Analog Devices Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Barclays increased their target price on shares of Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. KeyCorp increased their target price on shares of Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Oppenheimer increased their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, TD Cowen increased their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.71.
Check Out Our Latest Research Report on ADI
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.
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