Proficio Capital Partners LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 10,146 shares of the semiconductor company’s stock, valued at approximately $4,030,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Analog Devices in the 2nd quarter valued at $18,610,868,000. State Street Corp lifted its position in shares of Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after buying an additional 88,538 shares during the last quarter. Morgan Stanley boosted its stake in Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after buying an additional 194,535 shares in the last quarter. Bank of America Corp DE grew its position in Analog Devices by 5.2% in the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after acquiring an additional 501,604 shares during the last quarter. Finally, Norges Bank bought a new position in Analog Devices in the fourth quarter valued at about $2,215,516,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction that occurred on Monday, July 13th. The stock was 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 in the company, valued at approximately $4,295,536.77. This 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 ninety days, insiders sold 45,274 shares of company stock worth $17,889,486. Corporate insiders own 0.36% of the company’s stock.
Analog Devices Trading Down 0.5%
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on ADI shares. Truist Financial increased their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. TD Cowen reissued a “buy” rating and issued a $460.00 price objective on shares of Analog Devices in a research note on Thursday, August 20th. BMO Capital Markets assumed coverage on shares of Analog Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 target price on the stock. Robert W. Baird boosted their target price on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Stifel Nicolaus upped their price target on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $454.63.
View Our Latest Stock Report on Analog Devices
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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