Midway Capital Research & Management bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,311 shares of the semiconductor company’s stock, valued at approximately $3,339,000. Analog Devices accounts for 3.3% of Midway Capital Research & Management’s holdings, making the stock its 9th biggest holding.
Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 529 shares in the last quarter. Sivia Capital Partners LLC grew its position in Analog Devices by 36.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after acquiring an additional 464 shares during the last quarter. Ieq Capital LLC increased its position in shares of Analog Devices by 38.0% during the second quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock worth $10,610,000 after acquiring an additional 12,276 shares during the period. HUB Investment Partners LLC purchased a new position in shares of Analog Devices during the second quarter valued at $644,000. Finally, Peapack Gladstone Financial Corp increased its holdings in Analog Devices by 2.4% during the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock valued at $14,322,000 after buying an additional 1,406 shares during the period. 86.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on ADI shares. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Citigroup upped their price objective on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Raymond James Financial restated an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Wolfe Research reiterated an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Finally, Wells Fargo & Company upped their price objective on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $432.71.
Insider Activity
In other Analog Devices news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $411.95, for a total value of $411,950.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 101,442 shares of company stock worth $40,422,954. 0.36% of the stock is owned by corporate insiders.
Analog Devices Stock Performance
NASDAQ:ADI opened at $434.46 on Friday. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $439.70. 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 stock’s 50 day simple moving average is $401.55 and its 200-day simple moving average is $340.66. The firm has a market cap of $211.62 billion, a P/E ratio of 64.56, a PEG ratio of 1.22 and a beta of 1.18.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the company posted $1.85 earnings per share. The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current year.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.0%. Analog Devices’s payout ratio is 65.38%.
Analog Devices Company Profile
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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