First Trust Advisors LP Has $230.10 Million Position in Analog Devices, Inc. $ADI

First Trust Advisors LP lessened its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 936,513 shares of the semiconductor company’s stock after selling 24,256 shares during the period. First Trust Advisors LP’s holdings in Analog Devices were worth $230,101,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its position in shares of Analog Devices by 2.4% during the third quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after acquiring an additional 42 shares in the last quarter. Carson Advisory Inc. lifted its position in Analog Devices by 3.1% in the 3rd quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 43 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Analog Devices by 2.5% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 44 shares in the last quarter. Klingman & Associates LLC boosted its stake in Analog Devices by 3.7% during the 3rd quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock valued at $313,000 after purchasing an additional 45 shares during the last quarter. Finally, Keystone Financial Services increased its holdings in Analog Devices by 1.2% during the 2nd quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock worth $913,000 after purchasing an additional 46 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADI has been the topic of a number of recent research reports. Benchmark raised their target price on Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Cantor Fitzgerald upped their price target on Analog Devices from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Oppenheimer reissued an “outperform” rating and issued a $400.00 price target (up from $350.00) on shares of Analog Devices in a research report on Thursday, February 19th. TD Cowen reaffirmed a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $410.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $366.96.

Insider Activity

In other news, SVP Martin Cotter sold 10,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the transaction, the senior vice president owned 49,664 shares in the company, valued at approximately $13,828,444.16. This represents a 16.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares of the company’s stock, valued at $3,831,556.60. The trade was a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 57,743 shares of company stock worth $16,836,340. 0.36% of the stock is owned by company insiders.

Analog Devices Stock Down 4.2%

Analog Devices stock opened at $315.81 on Friday. The firm has a 50 day moving average price of $316.34 and a 200-day moving average price of $273.14. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $363.20. The company has a market capitalization of $154.18 billion, a P/E ratio of 57.74, a P/E/G ratio of 1.45 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. Analog Devices’s revenue was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 3rd. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Analog Devices’s dividend payout ratio is presently 80.44%.

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.