Analog Devices, Inc. $ADI Holdings Raised by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,612 shares of the semiconductor company’s stock after purchasing an additional 2,677 shares during the quarter. Flputnam Investment Management Co.’s holdings in Analog Devices were worth $14,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in Analog Devices during the second quarter valued at about $25,000. Activest Wealth Management increased its position in shares of Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 127 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Analog Devices during the second quarter valued at approximately $26,000. Saudi Central Bank acquired a new stake in shares of Analog Devices during the first quarter valued at approximately $39,000. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Analog Devices in the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 5,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $271.19, for a total value of $1,355,950.00. Following the completion of the sale, the senior vice president directly owned 59,664 shares in the company, valued at $16,180,280.16. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the completion of the sale, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,419 shares of company stock valued at $10,249,017. 0.33% of the stock is currently owned by company insiders.

Key Headlines Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: BofA raised its price target to $320 (from $290) and kept a Buy rating — this signals confidence in a multi?year, AI/upgrade-driven demand cycle that supports longer?term upside. BofA Raises ADI Target
• Positive Sentiment: UBS lifted its target and reiterated a Buy — another major shop increasing its valuation supports positive analyst momentum and can attract institutional buying. UBS Lifts ADI Target
• Positive Sentiment: Truist raised its price target to $291 (from $258) — even though it remains a “Hold,” the higher target narrows upside risk and supports the stock at current levels. Truist Raises ADI Target
• Positive Sentiment: Zacks and other shops have raised several near?term and multi?year EPS estimates for ADI — upward revisions to earnings forecasts are supportive of valuation expansion and give analysts cover to lift targets. (Source: compile of Zacks/MarketBeat notes)
• Neutral Sentiment: Seeking Alpha notes “high growth across industrials” for ADI — thematic growth is encouraging, but execution and margin retention will determine stock impact. ADI Sees High Growth Across Industrials
• Neutral Sentiment: Valuation debate: a Yahoo Finance piece asks whether ADI’s ~110% five?year run leaves substantial upside at current levels — raises the risk that momentum stalls if growth expectations slip. Has ADI’s 110% Five Year Surge Left Much Upside?
• Negative Sentiment: Insider selling: SVP Martin Cotter sold ~5,000 shares (~$1.36M) and director Ray Stata sold 3,125 shares (~$873k). While insider sales can be routine, clustered sales may raise short?term sentiment pressure. Martin Cotter Sells ADI Stock Ray Stata Form 4

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $274.44 on Friday. The firm has a market cap of $134.38 billion, a price-to-earnings ratio of 60.18, a P/E/G ratio of 1.52 and a beta of 1.04. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $284.23. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $250.17 and a 200 day simple moving average of $242.40.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be issued a $0.99 dividend. The ex-dividend date is Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.4%. Analog Devices’s dividend payout ratio is currently 86.84%.

Analysts Set New Price Targets

ADI has been the topic of several research analyst reports. Zacks Research cut shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Wells Fargo & Company raised their target price on Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. BNP Paribas Exane initiated coverage on Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target on the stock. Robert W. Baird increased their price objective on Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, Piper Sandler set a $290.00 price objective on Analog Devices in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and a consensus price target of $287.22.

About Analog Devices

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.