QRG Capital Management Inc. lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 26.6% during the 1st quarter, HoldingsChannel reports. The fund owned 96,616 shares of the semiconductor company’s stock after purchasing an additional 20,299 shares during the period. QRG Capital Management Inc.’s holdings in Analog Devices were worth $30,737,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of ADI. Banque Transatlantique SA acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices in the 4th quarter valued at $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Analog Devices in the 4th quarter worth $27,000. Entrust Financial LLC acquired a new position in Analog Devices during the fourth quarter worth $33,000. Finally, Albion Financial Group UT lifted its holdings in Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the director directly owned 118,759 shares of the company’s stock, valued at $47,279,145.49. This represents a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 91,442 shares of company stock valued at $37,241,554 in the last quarter. Corporate insiders own 0.36% of the company’s stock.
Analog Devices Price Performance
Analog Devices (NASDAQ:ADI – Get Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business’s revenue was up 37.2% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts predict that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.
Analog Devices Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s payout ratio is 65.38%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Needham & Company LLC raised their price target on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Cantor Fitzgerald lifted their price objective on Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday. Arete Research upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price objective for the company in a research note on Monday, March 30th. Finally, Bank of America increased their target price on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $439.79.
Read Our Latest Analysis on Analog Devices
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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