Analog Devices, Inc. $ADI Stock Position Lowered by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 18.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,127 shares of the semiconductor company’s stock after selling 14,213 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Analog Devices were worth $17,391,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ADI. Y.D. More Investments Ltd purchased a new stake in shares of Analog Devices in the 3rd quarter valued at approximately $32,000. LFA Lugano Financial Advisors SA boosted its position in Analog Devices by 92.9% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 65 shares during the period. Albion Financial Group UT boosted its position in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 36 shares during the period. Entrust Financial LLC acquired a new stake in Analog Devices during the 4th quarter worth about $33,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in Analog Devices by 61.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

More Analog Devices News

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: ADI announced a definitive agreement to acquire Empower Semiconductor, a move that could boost its AI-focused power portfolio and broaden exposure to fast-growing AI infrastructure demand. Reuters report on Empower acquisition talks
• Positive Sentiment: The deal is designed to enhance ADI’s next-generation high-density power solutions for AI processors and data centers, potentially improving its competitive position in a key growth market. PR Newswire acquisition announcement
• Neutral Sentiment: ADI is also scheduled to report fiscal second-quarter earnings, so traders may be positioning ahead of results and management’s outlook for demand in industrial, communications, and AI markets. Schaeffers preview of ADI earnings
• Neutral Sentiment: Recent commentary suggests ADI has been benefiting from broader semiconductor tailwinds and strong AI-related momentum, which may be supporting the stock’s elevated valuation. Zacks preview of ADI before earnings

Analog Devices Stock Down 1.0%

Shares of Analog Devices stock opened at $414.31 on Wednesday. The firm has a market cap of $202.27 billion, a price-to-earnings ratio of 75.74, a P/E/G ratio of 1.68 and a beta of 1.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. Analog Devices, Inc. has a 52-week low of $206.00 and a 52-week high of $435.72. The stock has a 50-day simple moving average of $357.19 and a 200-day simple moving average of $313.00.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.15. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. On average, equities research analysts expect that Analog Devices, Inc. will post 11.35 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the completion of the sale, the chief executive officer directly owned 187,538 shares in the company, valued at $74,623,245.58. The trade was a 5.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of Analog Devices stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the sale, the chief accounting officer owned 14,740 shares of the company’s stock, valued at approximately $5,321,434.80. This represents a 22.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 24,199 shares of company stock valued at $8,676,423. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADI. Stifel Nicolaus raised their price objective on Analog Devices from $405.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group raised their price objective on Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Susquehanna raised their price objective on Analog Devices from $360.00 to $400.00 and gave the stock a “positive” rating in a research report on Thursday, February 19th. Oppenheimer raised their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $381.27.

Analog Devices 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.