Parr Mcknight Wealth Management Group LLC Acquires 8,577 Shares of Analog Devices, Inc. $ADI

Parr Mcknight Wealth Management Group LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 27.7% in the third quarter, HoldingsChannel.com reports. The fund owned 39,570 shares of the semiconductor company’s stock after acquiring an additional 8,577 shares during the period. Analog Devices comprises about 1.3% of Parr Mcknight Wealth Management Group LLC’s portfolio, making the stock its 16th largest holding. Parr Mcknight Wealth Management Group LLC’s holdings in Analog Devices were worth $9,722,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Howard Hughes Medical Institute purchased a new stake in shares of Analog Devices in the 2nd quarter worth about $25,000. Clayton Financial Group LLC purchased a new position in shares of Analog Devices during the third quarter valued at about $31,000. Y.D. More Investments Ltd bought a new position in Analog Devices in the third quarter worth about $32,000. LFA Lugano Financial Advisors SA raised its stake in Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after buying an additional 65 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in Analog Devices in the third quarter worth about $38,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADI has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $410.00 target price on shares of Analog Devices in a report on Thursday, February 19th. The Goldman Sachs Group upped their price target on Analog Devices from $300.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Piper Sandler boosted their target price on shares of Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday. Finally, TD Cowen reiterated a “buy” rating on shares of Analog Devices in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $366.96.

Analog Devices Price Performance

Shares of ADI opened at $355.15 on Tuesday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $358.00. The company has a market capitalization of $173.38 billion, a P/E ratio of 64.93, a price-to-earnings-growth ratio of 1.68 and a beta of 1.03. The firm has a 50 day moving average of $303.91 and a 200 day moving average of $266.21. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.31 by $0.15. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The company’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd 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, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s dividend payout ratio is 72.39%.

Insiders Place Their Bets

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares in the company, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total transaction of $991,562.50. Following the sale, the director directly owned 123,821 shares in the company, valued at approximately $39,288,403.30. The trade was a 2.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 53,544 shares of company stock worth $15,320,417 in the last quarter. Insiders own 0.36% of the company’s stock.

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.