Analog Devices, Inc. $ADI Stake Increased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 10.5% during the 4th quarter, HoldingsChannel reports. The fund owned 188,651 shares of the semiconductor company’s stock after buying an additional 17,875 shares during the period. Pacer Advisors Inc.’s holdings in Analog Devices were worth $51,162,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in shares of Analog Devices in the 4th quarter worth about $26,000. Gordian Capital Singapore Pte Ltd acquired a new position in Analog Devices in the fourth quarter worth about $27,000. Y.D. More Investments Ltd acquired a new position in Analog Devices in the third quarter worth about $32,000. Albion Financial Group UT increased its holdings in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 36 shares during the last quarter. Finally, Entrust Financial LLC bought a new stake in Analog Devices in the fourth quarter valued at about $33,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76. Following the completion of the transaction, the director owned 118,759 shares in the company, valued at approximately $47,279,145.49. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the sale, the director directly owned 12,019 shares in the company, valued at approximately $4,951,227.05. This trade represents a 7.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 101,442 shares of company stock valued at $40,422,954 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research analyst reports. TD Cowen increased their target price on Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Oppenheimer boosted their price target on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Barclays upped their price target on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Citigroup raised their price objective on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $432.71.

Check Out Our Latest Analysis on Analog Devices

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $434.46 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $401.55 and its two-hundred day moving average price is $340.66. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $439.70. The stock has a market capitalization of $211.62 billion, a P/E ratio of 64.56, a P/E/G ratio of 1.22 and a beta of 1.18.

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

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is presently 65.38%.

Analog Devices Company 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.

See Also

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

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