Envestnet Portfolio Solutions Inc. Grows Stock Position in Analog Devices, Inc. $ADI

Envestnet Portfolio Solutions Inc. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,006 shares of the semiconductor company’s stock after acquiring an additional 3,096 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Analog Devices were worth $22,641,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Altus USA Inc. boosted its stake in Analog Devices by 212.1% in the 2nd quarter. Wellington Altus USA Inc. now owns 1,002 shares of the semiconductor company’s stock worth $398,000 after purchasing an additional 681 shares in the last quarter. Bouchey Financial Group Ltd. acquired a new position in Analog Devices during the 2nd quarter valued at approximately $205,000. Sequoia Financial Advisors LLC raised its holdings in shares of Analog Devices by 5.1% in the second quarter. Sequoia Financial Advisors LLC now owns 21,450 shares of the semiconductor company’s stock worth $8,519,000 after buying an additional 1,041 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in shares of Analog Devices in the second quarter worth $1,922,000. Finally, Cidel Asset Management Inc. lifted its stake in shares of Analog Devices by 45.0% during the second quarter. Cidel Asset Management Inc. now owns 7,331 shares of the semiconductor company’s stock worth $2,912,000 after buying an additional 2,276 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $362.85, for a total value of $513,795.60. Following the completion of the transaction, the director directly owned 111,679 shares of the company’s stock, valued at approximately $40,522,725.15. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $382.19, for a total value of $573,285.00. Following the completion of the sale, the chief financial officer owned 51,177 shares in the company, valued at approximately $19,559,337.63. This represents a 2.85% 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 have sold 41,931 shares of company stock worth $15,560,832 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research report on Thursday, August 20th. Fundamental Research set a $550.00 price target on Analog Devices in a research note on Monday, June 29th. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $480.00 price objective on shares of Analog Devices in a research note on Wednesday, August 19th. Two investment 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $457.97.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded down $5.14 during midday trading on Wednesday, reaching $385.23. The company’s stock had a trading volume of 3,203,995 shares, compared to its average volume of 4,134,958. 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 stock has a fifty day moving average of $372.63 and a 200 day moving average of $375.77. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The firm has a market capitalization of $186.67 billion, a PE ratio of 45.70, a P/E/G ratio of 1.18 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm’s quarterly revenue 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, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.