Canandaigua National Bank & Trust Co. Buys New Shares in Analog Devices, Inc. $ADI

Canandaigua National Bank & Trust Co. bought a new position in Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,788 shares of the semiconductor company’s stock, valued at approximately $1,504,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ADI. Vanguard Group Inc. lifted its holdings in shares of Analog Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after buying an additional 503,970 shares in the last quarter. State Street Corp grew its position in shares of Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock valued at $6,369,833,000 after purchasing an additional 88,538 shares in the last quarter. Morgan Stanley lifted its position in shares of Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after buying an additional 194,535 shares in the last quarter. Bank of America Corp DE boosted its stake in Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after buying an additional 501,604 shares during the last quarter. Finally, Norges Bank purchased a new position in Analog Devices during the 4th quarter valued at approximately $2,215,516,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Down 0.7%

NASDAQ ADI opened at $377.69 on Thursday. The stock has a market cap of $183.97 billion, a PE ratio of 56.12, a PEG ratio of 0.99 and a beta of 1.20. Analog Devices, Inc. has a 12 month low of $218.37 and a 12 month high of $445.91. The company’s 50-day moving average price is $395.90 and its 200-day moving average price is $365.24. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADI shares. TD Cowen increased their target price on Analog Devices from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Argus set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, May 26th. Robert W. Baird boosted their price objective on Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 target price on shares of Analog Devices in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and an average price target of $441.00.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $49,926,294. This represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total value of $533,846.16. Following the completion of the sale, the director owned 117,343 shares of the company’s stock, valued at $44,239,484.43. The trade was a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 103,858 shares of company stock valued at $41,713,630 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Analog Devices Company 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.