Trust Co. of Vermont purchased a new position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,795 shares of the semiconductor company’s stock, valued at approximately $26,132,000. Analog Devices makes up about 1.0% of Trust Co. of Vermont’s holdings, making the stock its 25th largest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Banque Transatlantique SA bought a new position in shares of Analog Devices in the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new position in shares of Analog Devices in the 1st quarter valued at approximately $30,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $27,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Truist Financial upped their price target on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Wolfe Research reissued an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Needham & Company LLC boosted their target price on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Robert W. Baird upped their target price on shares of Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $441.00.
Analog Devices Stock Up 0.2%
ADI stock opened at $390.28 on Tuesday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a market cap of $190.10 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The business has a 50 day moving average of $390.93 and a 200 day moving average of $369.88.
Analog Devices (NASDAQ:ADI – Get Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.
Insider Activity
In other Analog Devices news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the transaction, the director directly owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the transaction, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 105,274 shares of company stock worth $42,247,986. 0.36% of the stock is currently owned by company insiders.
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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