Johnson Financial Group Inc. increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 106.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,815 shares of the semiconductor company’s stock after purchasing an additional 2,487 shares during the quarter. Johnson Financial Group Inc.’s holdings in Analog Devices were worth $1,532,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ADI. Banque Transatlantique SA purchased a new position in shares of Analog Devices during the 4th quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Analog Devices in the first quarter worth approximately $30,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices in the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Analog Devices in the fourth quarter valued at approximately $27,000. Finally, Entrust Financial LLC acquired a new position in Analog Devices during the fourth quarter worth approximately $33,000. 86.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ADI has been the topic of a number of recent analyst reports. Arete Research raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price target on the stock in a research note on Monday, March 30th. Citigroup boosted their price objective on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Needham & Company LLC upped their price objective on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $441.00.
Analog Devices Stock Up 2.8%
Shares of NASDAQ ADI opened at $382.81 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91. The stock’s 50-day simple moving average is $404.68 and its 200-day simple moving average is $359.01. The firm has a market cap of $186.46 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 1.04 and a beta of 1.18.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. Analog Devices’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is 65.38%.
Insiders Place Their Bets
In related news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction on 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 sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 103,858 shares of company stock valued at $42,062,730. Corporate insiders own 0.36% of the company’s stock.
Analog Devices 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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