ProShare Advisors LLC raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 632,311 shares of the semiconductor company’s stock after acquiring an additional 27,922 shares during the period. ProShare Advisors LLC owned approximately 0.13% of Analog Devices worth $250,844,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the stock. Vise Technologies Inc. acquired a new stake in Analog Devices during the 3rd quarter worth approximately $12,040,000. Investment Partners LTD. increased its holdings in shares of Analog Devices by 44.2% during the third quarter. Investment Partners LTD. now owns 2,049 shares of the semiconductor company’s stock worth $813,000 after buying an additional 628 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Analog Devices by 2.1% in the 3rd quarter. Cidel Asset Management Inc. now owns 7,482 shares of the semiconductor company’s stock valued at $2,968,000 after purchasing an additional 151 shares during the last quarter. Summit Global Investments increased its position in Analog Devices by 2.0% in the 3rd quarter. Summit Global Investments now owns 4,173 shares of the semiconductor company’s stock valued at $1,655,000 after buying an additional 82 shares in the last quarter. Finally, Invera Wealth Advisors LLC lifted its stake in Analog Devices by 6.7% during the 3rd quarter. Invera Wealth Advisors LLC now owns 1,793 shares of the semiconductor company’s stock valued at $711,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.
Insider Buying and Selling at Analog Devices
In other Analog Devices news, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the transaction, the director owned 108,847 shares of the company’s stock, valued at $45,720,093.88. This represents a 1.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the sale, the chief financial officer owned 48,177 shares in the company, valued at approximately $18,763,014.42. This represents a 3.02% 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. Insiders have sold a total of 52,436 shares of company stock valued at $20,014,954 in the last three months. 0.36% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ADI shares. Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. Wells Fargo & Company lowered 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. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. Morgan Stanley lifted their price target on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective on the stock in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $460.55.
View Our Latest Stock Analysis on Analog Devices
Analog Devices Stock Performance
ADI stock opened at $417.11 on Friday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The stock has a market capitalization of $202.12 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.22. The stock’s fifty day moving average is $388.54 and its two-hundred day moving average is $371.13. 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 (NASDAQ:ADI – Get Free Report) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the company earned $2.05 EPS. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.
Analog Devices Announces Dividend
The firm also recently declared 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 of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.
Analog Devices Profile
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.
The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.
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