Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $358.00 and last traded at $355.15, with a volume of 4131137 shares changing hands. The stock had previously closed at $355.03.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on ADI shares. Truist Financial increased their target price on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a report on Thursday. UBS Group raised their price objective on Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp lifted their target price on Analog Devices from $375.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $366.96.
Analog Devices Stock Up 0.0%
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.15. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $1.63 EPS. Analog Devices’s revenue for the quarter was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.
Analog Devices Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be given a $1.10 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 3rd. Analog Devices’s payout ratio is presently 72.39%.
Insiders Place Their Bets
In other news, SVP Martin Cotter sold 10,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the transaction, the senior vice president directly owned 49,664 shares in the company, valued at $13,828,444.16. This represents a 16.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of Analog Devices stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $301.46, for a total value of $150,730.00. Following the completion of the sale, the senior vice president directly owned 12,710 shares in the company, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 53,544 shares of company stock valued at $15,320,417 in the last quarter. Company insiders own 0.36% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Analog Devices by 36.0% during the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after buying an additional 464 shares during the last quarter. D.A. Davidson & CO. raised its position in Analog Devices by 27.1% during the second quarter. D.A. Davidson & CO. now owns 9,162 shares of the semiconductor company’s stock worth $2,181,000 after acquiring an additional 1,951 shares in the last quarter. Brookstone Capital Management lifted its stake in Analog Devices by 18.3% in the second quarter. Brookstone Capital Management now owns 2,241 shares of the semiconductor company’s stock valued at $533,000 after acquiring an additional 346 shares during the last quarter. Finally, Carnegie Investment Counsel bought a new position in shares of Analog Devices in the 2nd quarter valued at about $270,000. 86.81% of the stock is owned by institutional investors and hedge funds.
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.
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