GTS Securities LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,470 shares of the semiconductor company’s stock, valued at approximately $981,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ING Groep NV grew its position in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after buying an additional 69,202 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of Analog Devices by 17.7% in the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock valued at $12,352,000 after acquiring an additional 6,846 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Analog Devices by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company’s stock valued at $271,791,000 after acquiring an additional 23,531 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock worth $6,511,000 after acquiring an additional 10,648 shares during the period. Finally, National Pension Service lifted its stake in Analog Devices by 0.5% in the fourth quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company’s stock worth $367,212,000 after acquiring an additional 6,492 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Insiders Place Their Bets
In other news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the transaction, the director owned 10,019 shares in the company, valued at $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The transaction 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, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $49,926,294. The trade was a 6.78% decrease in their ownership of the stock. 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 a total of 48,957 shares of company stock worth $19,268,931 over the last ninety days. Insiders own 0.36% of the company’s stock.
Analog Devices Stock Performance
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.
Wall Street Analyst Weigh In
A number of research analysts have commented on ADI shares. TD Cowen reissued a “buy” rating and set a $460.00 target price on shares of Analog Devices in a research report on Thursday, August 20th. Oppenheimer boosted their price target on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Truist Financial upped their price target on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. BMO Capital Markets initiated coverage on shares of Analog Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective on the stock. Finally, KeyCorp increased their target price on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Analog Devices presently has an average rating of “Buy” and a consensus target price of $454.63.
Read Our Latest Research Report on ADI
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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