Analog Devices, Inc. $ADI Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 46.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,566 shares of the semiconductor company’s stock after buying an additional 10,068 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Analog Devices were worth $12,448,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. IPG Investment Advisors LLC acquired a new stake in Analog Devices during the second quarter valued at approximately $1,922,000. Patriot Financial Group Insurance Agency LLC grew its position in Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock worth $6,511,000 after buying an additional 10,648 shares during the last quarter. Lazard Asset Management LLC grew its position in Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock worth $543,656,000 after buying an additional 101,298 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Analog Devices in the second quarter valued at $500,414,000. Finally, Ieq Capital LLC bought a new position in shares of Analog Devices in the second quarter valued at $19,643,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the transaction, the chief executive officer owned 115,460 shares in the company, valued at $45,830,692.40. This represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the sale, the insider directly owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,436 shares of company stock worth $20,014,954 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $405.96 on Thursday. The stock has a market cap of $196.72 billion, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. The business has a fifty day simple moving average of $383.63 and a 200-day simple moving average of $388.80. 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, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion for 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 for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ADI shares. JPMorgan Chase & Co. raised their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Robert W. Baird boosted their target price on Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. TD Cowen boosted their target price on Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Finally, Arete Research increased their price target on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $460.55.

More Analog Devices News

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: TD Cowen raised its price target for Analog Devices (ADI) from $460 to $475 and reiterated a “buy” rating, signaling continued confidence in the company’s earnings outlook and potential upside. Benzinga analyst price target report
• Positive Sentiment: Analog Devices disclosed that Tutanota LLC is seeking to purchase up to 100,000 ADI shares for $525 each in an unsolicited mini-tender offer. Although ADI recommended that shareholders reject the offer, the premium price drew investor attention and may reinforce perceptions that the stock is valuable. Analog Devices mini-tender offer announcement
• Neutral Sentiment: Exchange-traded funds were reported to be buying Analog Devices shares on October 19, suggesting continued institutional demand, though the report did not identify the size or strategic significance of the purchases. ETF purchases of Analog Devices
• Negative Sentiment: Chief Financial Officer Richard Puccio sold 1,500 shares valued at approximately $584,000. The transaction reduced his direct holdings by 3.02%, but it was executed under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal about management’s view of ADI’s prospects. Richard Puccio insider transaction

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.