Aristotle Atlantic Partners LLC Reduces Position in Analog Devices, Inc. $ADI

Aristotle Atlantic Partners LLC cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 35.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,485 shares of the semiconductor company’s stock after selling 69,662 shares during the quarter. Analog Devices makes up approximately 1.6% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 17th largest holding. Aristotle Atlantic Partners LLC’s holdings in Analog Devices were worth $34,032,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Boothbay Fund Management LLC lifted its holdings in Analog Devices by 232.0% during the fourth quarter. Boothbay Fund Management LLC now owns 11,013 shares of the semiconductor company’s stock valued at $2,987,000 after purchasing an additional 7,696 shares during the last quarter. PDT Partners LLC lifted its holdings in Analog Devices by 46.7% during the fourth quarter. PDT Partners LLC now owns 22,000 shares of the semiconductor company’s stock valued at $5,966,000 after purchasing an additional 7,000 shares during the last quarter. DV Equities LLC purchased a new stake in Analog Devices during the fourth quarter valued at about $187,000. Abel Hall LLC lifted its holdings in Analog Devices by 69.0% during the fourth quarter. Abel Hall LLC now owns 2,234 shares of the semiconductor company’s stock valued at $606,000 after purchasing an additional 912 shares during the last quarter. Finally, EFG International AG purchased a new stake in Analog Devices during the fourth quarter valued at about $6,918,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

Analysts Set New Price Targets

Several equities research analysts have commented on ADI shares. Susquehanna upped their price objective on shares of Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a report on Thursday, February 19th. Wolfe Research reaffirmed an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Raymond James Financial reissued an “outperform” rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. TD Cowen increased their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Benchmark increased their price target on shares of Analog Devices from $285.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.71.

View Our Latest Report on ADI

Analog Devices Trading Down 0.4%

Shares of Analog Devices stock opened at $414.45 on Thursday. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $439.70. The company has a market cap of $201.87 billion, a price-to-earnings ratio of 61.58, a PEG ratio of 1.17 and a beta of 1.18. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $397.64 and its 200-day moving average price is $338.81.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 101,442 shares of company stock valued at $40,422,954. Company insiders own 0.36% of the company’s stock.

Analog Devices Profile

(Free Report)

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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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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