Analog Devices, Inc. $ADI Stock: PineStone Asset Management Inc. Decreases Holdings

PineStone Asset Management Inc. lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 878,833 shares of the semiconductor company’s stock after selling 5,160 shares during the quarter. Analog Devices comprises about 2.3% of PineStone Asset Management Inc.’s holdings, making the stock its 16th largest position. PineStone Asset Management Inc.’s holdings in Analog Devices were worth $348,642,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analog Devices Trading Down 2.1%

NASDAQ ADI opened at $395.44 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $191.62 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.22 and a beta of 1.22. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The firm has a 50-day moving average price of $382.76 and a 200 day moving average price of $386.52.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts expect that Analog Devices, Inc. will post 12.99 EPS for the current year.

Analog Devices Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Richard Puccio, Jr. sold 1,500 shares of Analog Devices stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $421.08, for a total value of $631,620.00. Following the sale, the chief financial officer directly owned 49,677 shares in the company, valued at $20,917,991.16. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 completion of the sale, the chief executive officer owned 115,460 shares in the company, valued at approximately $45,830,692.40. This trade represents a 7.97% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 50,936 shares of company stock worth $19,430,764. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ADI shares. Arete Research boosted their target price on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Stifel Nicolaus increased their price target on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. KeyCorp lifted 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. Finally, Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $460.09.

Trending Headlines about Analog Devices

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

• Positive Sentiment: KeyCorp sharply increased its long-term earnings forecast. The firm raised its FY2027 EPS estimate to $17.88 from $15.32, implying substantially stronger expected profitability. It also lifted estimates for every quarter from Q4 2026 through Q4 2027, citing a more favorable outlook for Analog Devices’ earnings trajectory. KeyBanc keeps USD 525 target for Analog Devices stock
• Positive Sentiment: Near-term estimates were also raised. KeyCorp increased its FY2026 EPS forecast to $13.06 from $12.62 and raised its Q4 2026 estimate to $4.07 from $3.67. Forecasts for Q1 through Q4 2027 were raised to $4.17, $4.35, $4.63 and $4.74, respectively. These revisions put KeyCorp’s estimates above the current full-year consensus of $12.99 and reinforce its $525 target.
• Positive Sentiment: Analog Devices is partnering with InoBat on battery energy-storage systems for AI data centers. The collaboration could provide exposure to growing data-center power and energy-storage demand, although the announcement did not disclose financial terms or expected revenue. InoBat, Analog Devices to team up on BESS for AI data centres
• Neutral Sentiment: The stock has recently traded below KeyCorp’s $525 price objective, but the shares decreased even as analysts raised earnings expectations. That divergence suggests investors may be focused on valuation, broader semiconductor-market conditions or profit-taking rather than the upgraded forecasts alone.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.