Indiana Trust & Investment Management Co Buys 2,460 Shares of Analog Devices, Inc. $ADI

Indiana Trust & Investment Management Co grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 157.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,020 shares of the semiconductor company’s stock after acquiring an additional 2,460 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Analog Devices were worth $1,279,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ADI. Norges Bank bought a new stake in shares of Analog Devices during the 4th quarter worth approximately $2,215,516,000. Bank of America Corp DE lifted its stake in Analog Devices by 42.8% during the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after purchasing an additional 2,912,666 shares during the last quarter. Amundi boosted its holdings in shares of Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after purchasing an additional 1,922,302 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Analog Devices by 29.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after purchasing an additional 1,091,004 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Analog Devices by 3,456.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock valued at $287,398,000 after purchasing an additional 1,029,927 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Needham & Company LLC lifted their price target on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Citigroup raised their target price on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 price target on shares of Analog Devices in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $439.79.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This represents a 23.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 91,442 shares of company stock worth $37,241,554 over the last quarter. 0.36% of the stock is owned by corporate insiders.

Analog Devices Price Performance

Analog Devices stock opened at $377.16 on Monday. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91. The firm has a market capitalization of $183.71 billion, a price-to-earnings ratio of 56.04, a P/E/G ratio of 1.06 and a beta of 1.18. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $409.39 and a 200 day simple moving average of $349.73.

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

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $1.10 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.

About Analog Devices

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.