Cannell & Spears LLC Has $91.88 Million Stock Position in Analog Devices, Inc. $ADI

Cannell & Spears LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 15.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 293,257 shares of the semiconductor company’s stock after selling 54,056 shares during the quarter. Analog Devices comprises 1.8% of Cannell & Spears LLC’s holdings, making the stock its 12th biggest position. Cannell & Spears LLC’s holdings in Analog Devices were worth $91,879,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC raised its stake in shares of Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after buying an additional 27 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Analog Devices by 12.0% in the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 30 shares during the last quarter. 1620 Investment Advisors Inc. grew its holdings in Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after acquiring an additional 32 shares during the period. Covestor Ltd grew its holdings in Analog Devices by 14.1% during the 4th quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 34 shares during the period. Finally, Kohmann Bosshard Financial Services LLC raised its position in shares of Analog Devices by 3.4% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 1,026 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 34 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ADI shares. KeyCorp increased their price target on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Argus set a $460.00 price objective on Analog Devices in a report on Tuesday, May 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Cantor Fitzgerald raised their target price on Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, TD Cowen boosted their target price on Analog Devices from $450.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $441.00.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares of the company’s stock, valued at $23,546,776. This trade represents a 23.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 103,858 shares of company stock valued at $42,062,730 over the last 90 days. 0.36% of the stock is owned by company insiders.

Analog Devices Price Performance

ADI opened at $371.86 on Friday. The stock has a market cap of $181.13 billion, a P/E ratio of 55.25, a P/E/G ratio of 0.99 and a beta of 1.18. Analog Devices, Inc. has a 12 month low of $218.37 and a 12 month high of $445.91. 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 company has a fifty day simple moving average of $401.93 and a 200 day simple moving average of $360.65.

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

Analog Devices Announces Dividend

The firm also recently disclosed 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. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s payout ratio is 65.38%.

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.