Analog Devices, Inc. $ADI Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 91.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,280 shares of the semiconductor company’s stock after selling 317,248 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Analog Devices were worth $7,941,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Van Diest Capital LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth approximately $225,000. Compound Planning Inc. lifted its holdings in Analog Devices by 25.4% in the 4th quarter. Compound Planning Inc. now owns 4,928 shares of the semiconductor company’s stock valued at $1,337,000 after purchasing an additional 997 shares in the last quarter. TMB Capital Partners LLC acquired a new stake in Analog Devices during the 4th quarter worth $3,399,000. Evansbrook LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth $734,000. Finally, Harbour Wealth Management Group Inc. acquired a new stake in shares of Analog Devices in the fourth quarter valued at about $575,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ADI shares. KeyCorp raised their price target on shares of Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Piper Sandler raised their target price on shares of Analog Devices from $250.00 to $360.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Finally, Evercore restated an “outperform” rating and issued a $474.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $432.71.

Insiders Place Their Bets

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. This trade represents a 1.18% 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. Over the last 90 days, insiders have sold 101,442 shares of company stock valued at $40,422,954. Insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $434.46 on Friday. The business has a fifty day moving average of $399.78 and a two-hundred day moving average of $340.00. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market cap of $211.62 billion, a price-to-earnings ratio of 64.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $439.70.

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

Analog Devices Dividend Announcement

The company also recently declared 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 was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Analog Devices’s payout ratio is 65.38%.

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.