18,223 Shares in Analog Devices, Inc. $ADI Purchased by Brasada Capital Management LP

Brasada Capital Management LP acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 18,223 shares of the semiconductor company’s stock, valued at approximately $7,238,000.

A number of other hedge funds have also made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of Analog Devices in the fourth quarter worth approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in shares of Analog Devices during the second quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices in the 2nd quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new position in Analog Devices in the 4th quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of research reports. KeyCorp upped their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. TD Cowen restated a “buy” rating and set a $460.00 price target on shares of Analog Devices in a research report on Thursday, August 20th. Bank of America upped their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Analog Devices presently has an average rating of “Buy” and a consensus price target of $454.63.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at $49,926,294. This represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This represents a 4.72% 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. Insiders sold 47,957 shares of company stock valued at $18,894,431 in the last quarter. Insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 0.7%

Shares of NASDAQ:ADI opened at $374.52 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $384.22 and a two-hundred day moving average of $373.02. The stock has a market cap of $181.48 billion, a P/E ratio of 44.43, a PEG ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

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

Analog Devices Announces Dividend

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

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.