Maloon Powers Pitre Higgins & Dennehy LLC Acquires New Position in Analog Devices, Inc. $ADI

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, HoldingsChannel reports. The fund purchased 1,704 shares of the semiconductor company’s stock, valued at approximately $677,000.

A number of other large investors have also recently made changes to their positions in the stock. Highland Investment Advisors LLC bought a new stake in shares of Analog Devices during the 2nd quarter valued at $200,000. Raiffeisen Bank International AG grew its holdings in Analog Devices by 25.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 15,089 shares of the semiconductor company’s stock valued at $5,912,000 after buying an additional 3,093 shares in the last quarter. Syon Capital LLC increased its position in shares of Analog Devices by 3.3% during the second quarter. Syon Capital LLC now owns 5,500 shares of the semiconductor company’s stock valued at $2,184,000 after buying an additional 176 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Analog Devices by 834.9% in the second quarter. TD Waterhouse Canada Inc. now owns 70,061 shares of the semiconductor company’s stock worth $27,268,000 after buying an additional 62,567 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its holdings in shares of Analog Devices by 9.8% in the second quarter. Premier Path Wealth Partners LLC now owns 3,473 shares of the semiconductor company’s stock worth $1,379,000 after buying an additional 311 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $362.25 on Friday. The business’s 50 day simple moving average is $377.17 and its two-hundred day simple moving average is $373.91. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The stock has a market capitalization of $175.54 billion, a P/E ratio of 42.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Transactions at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director directly owned 10,019 shares of the company’s stock, valued at $3,752,115.50. This represents a 9.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director directly owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This trade represents 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. Insiders have sold a total of 41,363 shares of company stock worth $15,477,939 in the last ninety days. 0.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Wells Fargo & Company reduced their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. KeyCorp increased their price objective on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.