Maloon Powers Pitre Higgins & Dennehy LLC Takes Position in Analog Devices, Inc. $ADI

Maloon Powers Pitre Higgins & Dennehy LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,704 shares of the semiconductor company’s stock, valued at approximately $677,000.

Several other large investors also recently made changes to their positions in ADI. BlackRock Inc. acquired a new stake in Analog Devices in the second quarter valued at approximately $18,610,868,000. State Street Corp raised its position in shares of Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after purchasing an additional 88,538 shares during the period. Morgan Stanley raised its position in shares of Analog Devices by 1.9% during the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after purchasing an additional 194,535 shares during the period. Bank of America Corp DE lifted its holdings in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after purchasing an additional 501,604 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after purchasing an additional 1,670,957 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Analog Devices news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director owned 10,019 shares of the company’s stock, valued at approximately $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the completion of the transaction, the chief executive officer owned 134,660 shares in the company, valued at approximately $47,983,397.80. The trade was a 6.91% 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 41,363 shares of company stock valued at $15,477,939. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on ADI shares. Jefferies Financial Group boosted their price target on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Citigroup raised their price objective on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Raymond James Financial reiterated an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Morgan Stanley boosted their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, TD Cowen restated a “buy” rating and issued a $460.00 target price on shares of Analog Devices in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $454.63.

Analog Devices Price Performance

Analog Devices stock opened at $362.25 on Friday. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company’s 50 day moving average price is $377.17 and its two-hundred day moving average price is $373.91. The stock has a market cap of $175.54 billion, a P/E ratio of 42.97, a P/E/G ratio of 1.10 and a beta of 1.20. 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 issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate 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 was up 39.2% on a year-over-year basis. During the same period last year, the business posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

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

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.