CIBC Asset Management Inc Buys 52,310 Shares of Analog Devices, Inc. $ADI

CIBC Asset Management Inc increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,977 shares of the semiconductor company’s stock after buying an additional 52,310 shares during the quarter. CIBC Asset Management Inc’s holdings in Analog Devices were worth $62,099,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ADI. Brighton Jones LLC grew its holdings in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Analog Devices by 36.0% during the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after buying an additional 464 shares in the last quarter. Ieq Capital LLC grew its holdings in Analog Devices by 38.0% during the second quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock worth $10,610,000 after buying an additional 12,276 shares in the last quarter. HUB Investment Partners LLC bought a new stake in Analog Devices during the second quarter worth $644,000. Finally, Peapack Gladstone Financial Corp grew its holdings in Analog Devices by 2.4% during the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock worth $14,322,000 after buying an additional 1,406 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ADI shares. Citigroup upped their price target on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Needham & Company LLC boosted their price objective on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Cantor Fitzgerald boosted their price objective on Analog Devices from $400.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Bank of America boosted their price objective on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, UBS Group boosted 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. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.71.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 30,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 80,000 shares of company stock worth $31,519,000. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

NASDAQ:ADI opened at $437.67 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a 52-week low of $217.02 and a 52-week high of $439.70. The firm has a market cap of $213.18 billion, a price-to-earnings ratio of 65.03, a PEG ratio of 1.19 and a beta of 1.18. The business’s fifty day moving average is $378.66 and its 200 day moving average is $326.65.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Research analysts predict that Analog Devices, Inc. will post 12.41 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Analog Devices’s dividend payout ratio is 65.38%.

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.