Analog Devices, Inc. $ADI Shares Acquired by Brighton Jones LLC

Brighton Jones LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 34.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,526 shares of the semiconductor company’s stock after purchasing an additional 1,410 shares during the quarter. Brighton Jones LLC’s holdings in Analog Devices were worth $2,192,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in Analog Devices during the second quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Analog Devices during the second quarter worth $25,000. Nvwm LLC lifted its position in shares of Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Cornerstone Financial Management LLC lifted its position in shares of Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after buying an additional 28 shares during the last quarter. Finally, Dunhill Financial LLC bought a new position in shares of Analog Devices in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI stock opened at $394.66 on Tuesday. Analog Devices, Inc. has a 1 year low of $224.25 and a 1 year high of $445.91. The stock has a market capitalization of $191.24 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 0.98 and a beta of 1.24. 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 stock’s fifty day moving average is $391.18 and its two-hundred day moving average is $373.93.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The company’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Piper Sandler set a $460.00 price objective on shares of Analog Devices in a research note on Tuesday, September 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. Finally, BMO Capital Markets assumed coverage on Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Insiders Place Their Bets

In other news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the sale, the chief executive officer directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. This trade represents a 7.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,436 shares of company stock worth $20,681,906. Insiders own 0.36% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.