Van ECK Associates Corp Buys 572,479 Shares of Analog Devices, Inc. $ADI

Van ECK Associates Corp raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 9.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,458,773 shares of the semiconductor company’s stock after buying an additional 572,479 shares during the period. Analog Devices comprises 1.4% of Van ECK Associates Corp’s holdings, making the stock its 17th largest position. Van ECK Associates Corp’s holdings in Analog Devices were worth $1,751,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 1620 Investment Advisors Inc. grew its position in shares of Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after buying an additional 32 shares in the last quarter. Covestor Ltd lifted its stake in shares of Analog Devices by 14.1% during the 4th quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 34 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Analog Devices by 9.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 35 shares during the last quarter. Albion Financial Group UT lifted its stake in shares of Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 36 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of Analog Devices by 2.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,435 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Trending Headlines about Analog Devices

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADI. Argus set a $460.00 price objective on Analog Devices in a research note on Tuesday, May 26th. KeyCorp lifted their price target on Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Citigroup boosted their target price on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Truist Financial raised their target price on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $432.71.

Check Out Our Latest Analysis on ADI

Analog Devices Stock Performance

Shares of ADI stock opened at $417.79 on Friday. The company has a market cap of $203.50 billion, a price-to-earnings ratio of 62.08, a price-to-earnings-growth ratio of 1.15 and a beta of 1.18. The stock has a 50 day simple moving average of $391.76 and a 200-day simple moving average of $334.69. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $439.70. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADIGet Free Report) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the business posted $1.85 EPS. Analog Devices’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, equities analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares of the company’s stock, valued at $48,169,745.25. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the stock in a transaction 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 sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,442 shares of company stock valued at $40,011,004 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

About Analog Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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