Excelsior Advisor Network LLC Invests $442,000 in Analog Devices, Inc. $ADI

Excelsior Advisor Network LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADIFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,389 shares of the semiconductor company’s stock, valued at approximately $442,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its stake in Analog Devices by 21.2% in the 1st quarter. Quantinno Capital Management LP now owns 291,061 shares of the semiconductor company’s stock valued at $92,598,000 after buying an additional 50,870 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Analog Devices during the first quarter valued at approximately $8,070,000. SummitTX Capital L.P. acquired a new stake in shares of Analog Devices in the first quarter worth approximately $5,273,000. Lazard Asset Management LLC increased its position in shares of Analog Devices by 6.3% during the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock worth $543,656,000 after purchasing an additional 101,298 shares in the last quarter. Finally, Castleark Management LLC raised its stake in Analog Devices by 27.4% in the 1st quarter. Castleark Management LLC now owns 77,908 shares of the semiconductor company’s stock valued at $24,786,000 after purchasing an additional 16,736 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 103,858 shares of company stock valued at $42,062,730. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ADI. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Evercore reissued an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Needham & Company LLC upped their price target on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Fundamental Research set a $550.00 price target on Analog Devices in a report on Monday, June 29th. Two research 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $441.00.

Read Our Latest Report on Analog Devices

Analog Devices Stock Up 0.0%

Shares of ADI opened at $371.89 on Tuesday. The company’s 50-day moving average price is $400.99 and its 200 day moving average price is $361.79. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm has a market cap of $181.14 billion, a P/E ratio of 55.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. The company 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 was up 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s payout ratio is currently 65.38%.

About Analog Devices

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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