Cidel Asset Management Inc. Increases Stake in Analog Devices, Inc. $ADI

Cidel Asset Management Inc. raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 113.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,055 shares of the semiconductor company’s stock after acquiring an additional 2,687 shares during the quarter. Cidel Asset Management Inc.’s holdings in Analog Devices were worth $1,608,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ADI. Amarillo National Bank increased its holdings in Analog Devices by 11.2% in the first quarter. Amarillo National Bank now owns 1,723 shares of the semiconductor company’s stock valued at $548,000 after buying an additional 173 shares in the last quarter. Krilogy Financial LLC grew its position in shares of Analog Devices by 41.4% during the 1st quarter. Krilogy Financial LLC now owns 2,564 shares of the semiconductor company’s stock valued at $816,000 after acquiring an additional 751 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Analog Devices during the 1st quarter valued at about $1,468,000. Anchyra Partners LLC increased its stake in shares of Analog Devices by 1.9% in the 1st quarter. Anchyra Partners LLC now owns 2,996 shares of the semiconductor company’s stock valued at $953,000 after purchasing an additional 57 shares in the last quarter. Finally, Webster Bank N. A. increased its stake in shares of Analog Devices by 50.1% in the 1st quarter. Webster Bank N. A. now owns 824 shares of the semiconductor company’s stock valued at $262,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other news, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares in the company, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,442 shares of company stock valued at $40,422,954 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Trading Down 8.6%

ADI stock opened at $407.26 on Wednesday. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $445.91. The business’s 50-day moving average is $404.57 and its 200 day moving average is $343.31. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock has a market cap of $198.37 billion, a price-to-earnings ratio of 60.51, a PEG ratio of 1.25 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business’s revenue was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio is presently 65.38%.

Analysts Set New Price Targets

ADI has been the topic of a number of recent analyst reports. Cantor Fitzgerald increased their price target on Analog Devices from $400.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Robert W. Baird boosted their price objective on Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Evercore reiterated an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, KeyCorp lifted their price target on shares of Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $432.71.

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.