11,471 Shares in Analog Devices, Inc. $ADI Bought by Columbus Macro LLC

Columbus Macro LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,471 shares of the semiconductor company’s stock, valued at approximately $4,551,000.

Several other institutional investors have also bought and sold shares of ADI. IPG Investment Advisors LLC purchased a new position in Analog Devices during the 2nd quarter worth $1,922,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Analog Devices by 108.5% in the 1st 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 in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Analog Devices in the second quarter valued at about $500,414,000. Finally, Ieq Capital LLC bought a new position in shares of Analog Devices during the second quarter valued at about $19,643,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI stock traded down $11.13 during midday trading on Wednesday, hitting $403.57. The company’s stock had a trading volume of 5,011,664 shares, compared to its average volume of 4,030,830. The stock has a market cap of $195.56 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 1.25 and a beta of 1.22. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $381.59 and its 200 day moving average price is $385.14. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91.

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 (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the firm posted $2.05 EPS. The business’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.

Insider Activity at Analog Devices

In other Analog Devices news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 50,936 shares of company stock worth $19,430,764. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADI has been the topic of several analyst reports. Fundamental Research set a $550.00 price target on shares of Analog Devices in a report on Monday, June 29th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Wells Fargo & Company decreased their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. Finally, Morgan Stanley lifted their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $460.09.

Get Our Latest Research Report on Analog Devices

Analog Devices Company Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.

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

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