Concurrent Investment Advisors LLC Buys 5,324 Shares of Analog Devices, Inc. $ADI

Concurrent Investment Advisors LLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,093 shares of the semiconductor company’s stock after purchasing an additional 5,324 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Analog Devices were worth $14,335,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Analog Devices during the second quarter worth about $18,610,868,000. Bank of America Corp DE acquired a new position in shares of Analog Devices in the 2nd quarter valued at approximately $3,573,081,000. Norges Bank acquired a new position in shares of Analog Devices in the 4th quarter valued at approximately $2,215,516,000. Legal & General Group Plc bought a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,525,167,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,326,066,000. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Argus set a $460.00 target price on Analog Devices in a research note on Tuesday, May 26th. KeyCorp raised their target price on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Finally, Stifel Nicolaus upped their price objective on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $454.63.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $362.25 on Friday. The stock has a market cap of $175.54 billion, a price-to-earnings ratio of 42.97, a P/E/G ratio of 1.10 and a beta of 1.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company’s fifty day moving average is $377.17 and its 200 day moving average is $373.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Activity

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares in the company, valued at approximately $43,213,016.07. The trade was a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 41,363 shares of company stock worth $15,477,939. 0.36% of the stock is owned by company insiders.

About Analog Devices

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.