28,637 Shares in Analog Devices, Inc. $ADI Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 28,637 shares of the semiconductor company’s stock, valued at approximately $11,374,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new stake in shares of Analog Devices during the fourth quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices during the second quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices during the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices during the fourth quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Analog Devices during the first quarter worth approximately $30,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Trading Down 0.5%

NASDAQ ADI opened at $371.80 on Thursday. The firm has a market capitalization of $180.16 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 0.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company’s 50 day moving average price is $385.42 and its 200 day moving average price is $372.64.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. Analog Devices’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts predict 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 will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $49,926,294. This trade represents a 6.78% decrease in their ownership of the stock. The transaction 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, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the sale, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 45,274 shares of company stock valued at $17,889,486. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADI. Raymond James Financial reiterated an “outperform” rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Argus set a $460.00 price objective on Analog Devices in a report on Tuesday, May 26th. Jefferies Financial Group lifted their price objective on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 target price on shares of Analog Devices in a research note on Wednesday, August 19th. Finally, TD Cowen reiterated a “buy” rating and set a $460.00 target price on shares of Analog Devices in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $454.63.

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.