25,140 Analog Devices, Inc. $ADI Shares Bought by CX Institutional

CX Institutional increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 521.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,958 shares of the semiconductor company’s stock after purchasing an additional 25,140 shares during the period. CX Institutional’s holdings in Analog Devices were worth $11,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Client Services LLC boosted its holdings in Analog Devices by 120.1% in the 3rd quarter. Private Client Services LLC now owns 1,347 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 735 shares during the period. Versant Capital Management Inc increased its stake in Analog Devices by 3.5% during the 3rd quarter. Versant Capital Management Inc now owns 2,200 shares of the semiconductor company’s stock worth $873,000 after acquiring an additional 74 shares during the period. Burkett Financial Services LLC acquired a new position in Analog Devices in the 3rd quarter valued at $69,000. Stonebridge Financial Group LLC lifted its position in shares of Analog Devices by 1.6% during the 3rd quarter. Stonebridge Financial Group LLC now owns 21,263 shares of the semiconductor company’s stock valued at $8,435,000 after acquiring an additional 327 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of Analog Devices by 12.3% during the 2nd quarter. QRG Capital Management Inc. now owns 108,465 shares of the semiconductor company’s stock worth $43,079,000 after purchasing an additional 11,849 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of ADI traded up $12.55 during mid-day trading on Friday, reaching $417.15. The company had a trading volume of 2,629,785 shares, compared to its average volume of 4,080,674. The company has a market capitalization of $202.14 billion, a price-to-earnings ratio of 49.48, a P/E/G ratio of 1.23 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company’s 50 day simple moving average is $374.38 and its 200 day simple moving average is $379.57. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The business 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 firm’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Transactions at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total value of $3,563,300.00. Following the sale, the chief executive officer owned 134,660 shares in the company, valued at approximately $47,983,397.80. This trade represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,931 shares of company stock valued at $11,663,332 over the last quarter. 0.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of analyst reports. Piper Sandler set a $460.00 price target on Analog Devices in a research note on Tuesday, September 8th. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Robert W. Baird increased their price target on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, KeyCorp boosted their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $460.09.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.