Cyndeo Wealth Partners LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 42,209 shares of the semiconductor company’s stock after acquiring an additional 3,329 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Analog Devices were worth $16,745,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aspiriant LLC acquired a new stake in shares of Analog Devices during the third quarter valued at about $243,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Analog Devices in the 3rd quarter worth approximately $219,000. Howard Capital Management LLC lifted its holdings in shares of Analog Devices by 2.9% in the 3rd quarter. Howard Capital Management LLC now owns 25,603 shares of the semiconductor company’s stock worth $10,157,000 after acquiring an additional 719 shares during the last quarter. Goelzer Investment Management Inc. boosted its position in shares of Analog Devices by 2.5% during the 3rd quarter. Goelzer Investment Management Inc. now owns 41,585 shares of the semiconductor company’s stock worth $16,497,000 after purchasing an additional 1,013 shares during the period. Finally, BFI Infinity Ltd. purchased a new position in shares of Analog Devices during the 3rd quarter worth approximately $4,689,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have commented on ADI. KeyCorp upped their price target on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research report on Thursday, August 20th. Fundamental Research set a $550.00 price objective on Analog Devices in a research note on Monday, June 29th. TD Cowen reiterated a “buy” rating and issued a $460.00 price objective (up from $450.00) on shares of Analog Devices in a report on Tuesday, September 8th. Finally, Morgan Stanley increased their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $460.09.
Check Out Our Latest Stock Report on Analog Devices
Analog Devices Stock Performance
Shares of ADI opened at $395.44 on Friday. The stock has a market capitalization of $191.62 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company’s fifty day moving average is $382.76 and its two-hundred day moving average is $386.52.
Analog Devices (NASDAQ:ADI – Get Free Report) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during 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%. The business’s revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 12.99 earnings per share for the current year.
Analog Devices Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.
Insider Transactions at Analog Devices
In other news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $421.08, for a total transaction of $631,620.00. Following the completion of the transaction, the chief financial officer directly owned 49,677 shares of the company’s stock, valued at approximately $20,917,991.16. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the sale, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This represents a 7.97% 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. Insiders have sold 50,936 shares of company stock valued at $19,430,764 over the last 90 days. Insiders own 0.36% of the company’s stock.
Analog Devices Company Profile
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.
The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.
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