United Capital Financial Advisors LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,975 shares of the semiconductor company’s stock, valued at approximately $14,288,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices in the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC bought a new position in shares of Analog Devices during the second quarter worth about $25,000. Dunhill Financial LLC bought a new position in shares of Analog Devices during the second quarter worth about $32,000. Quantbot Technologies LP bought a new position in shares of Analog Devices during the second quarter worth about $33,000. Finally, Caitlin John LLC acquired a new position in Analog Devices in the second quarter worth about $35,000. 86.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ADI has been the subject of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price objective on shares of Analog Devices in a report on Monday, August 17th. Wells Fargo & Company reduced their target price on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. Truist Financial boosted their price target on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Finally, Raymond James Financial reissued an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $454.63.
Insider Buying and Selling
In other news, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $389,830.00. Following the sale, the director 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 47,957 shares of company stock valued at $18,894,431. Company insiders own 0.36% of the company’s stock.
Analog Devices Price Performance
Shares of NASDAQ:ADI opened at $374.52 on Friday. The firm’s 50 day moving average is $384.22 and its two-hundred day moving average is $373.02. The firm has a market capitalization of $181.48 billion, a P/E ratio of 44.43, a PEG ratio of 0.76 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91.
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 (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The business’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.
Analog Devices Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.
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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