Dearborn Partners LLC Takes Position in Analog Devices, Inc. $ADI

Dearborn Partners LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 3,833 shares of the semiconductor company’s stock, valued at approximately $1,220,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADI. BlackRock Inc. bought a new position in Analog Devices in the 2nd quarter worth approximately $18,610,868,000. Norges Bank bought a new position in Analog Devices in the 4th quarter valued at $2,215,516,000. Bank of New York Mellon Corp acquired a new stake in shares of Analog Devices in the 2nd quarter valued at $1,326,066,000. Bank of America Corp DE increased its stake in shares of Analog Devices by 42.8% in the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after buying an additional 2,912,666 shares during the period. Finally, Amundi raised its position in shares of Analog Devices by 44.8% during the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after acquiring an additional 1,922,302 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction 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 completion of the sale, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,274 shares of company stock valued at $17,889,486 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

Analog Devices Trading Down 0.5%

NASDAQ ADI opened at $371.17 on Tuesday. 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 firm has a market cap of $179.86 billion, a P/E ratio of 44.03, a P/E/G ratio of 0.76 and a beta of 1.20. The stock’s 50-day moving average is $387.12 and its 200-day moving average is $371.92.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADI shares. Argus set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, May 26th. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price target on shares of Analog Devices in a research report on Monday, August 17th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Wells Fargo & Company cut their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research note on Monday, June 29th. 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 company. Based on data from MarketBeat, the stock 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.