Rockefeller Capital Management L.P. Increases Holdings in Analog Devices, Inc. $ADI

Rockefeller Capital Management L.P. lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 32.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 423,037 shares of the semiconductor company’s stock after buying an additional 103,390 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Analog Devices were worth $114,728,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors lifted its holdings in Analog Devices by 1.3% in the 4th quarter. World Investment Advisors now owns 55,303 shares of the semiconductor company’s stock worth $14,998,000 after purchasing an additional 733 shares in the last quarter. Farmers National Bank grew its holdings in Analog Devices by 15.4% during the 4th quarter. Farmers National Bank now owns 8,954 shares of the semiconductor company’s stock valued at $2,428,000 after buying an additional 1,194 shares in the last quarter. Winthrop Partners WNY LLC bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $2,164,000. Meadowbrook Advisors Group LLC purchased a new position in shares of Analog Devices in the fourth quarter worth $1,157,000. Finally, Advisortrust Partners LLC bought a new position in shares of Analog Devices during the fourth quarter worth $243,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the subject of several research analyst reports. Evercore reaffirmed an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Truist Financial increased their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Citigroup raised their price objective on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Arete Research raised Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 target price on the stock in a report on Monday, March 30th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $432.71.

Analog Devices Price Performance

Analog Devices stock opened at $434.46 on Friday. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $439.70. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $401.55 and its 200 day moving average is $340.66. The company has a market cap of $211.62 billion, a price-to-earnings ratio of 64.56, a PEG ratio of 1.22 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the company posted $1.85 EPS. The business’s 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. Sell-side analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s payout ratio is presently 65.38%.

Insider Buying and Selling

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 101,442 shares of company stock valued at $40,422,954. Insiders own 0.36% of the company’s stock.

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.