Parr Mcknight Wealth Management Group LLC Acquires 8,577 Shares of Analog Devices, Inc. $ADI

Parr Mcknight Wealth Management Group LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 27.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,570 shares of the semiconductor company’s stock after purchasing an additional 8,577 shares during the quarter. Analog Devices makes up 1.3% of Parr Mcknight Wealth Management Group LLC’s investment portfolio, making the stock its 16th largest position. Parr Mcknight Wealth Management Group LLC’s holdings in Analog Devices were worth $9,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADI. Howard Hughes Medical Institute purchased a new position in shares of Analog Devices during the 2nd quarter valued at $25,000. Clayton Financial Group LLC bought a new stake in Analog Devices during the third quarter valued at $31,000. Y.D. More Investments Ltd bought a new stake in Analog Devices during the third quarter valued at $32,000. LFA Lugano Financial Advisors SA grew its position in Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after buying an additional 65 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in Analog Devices in the 3rd quarter worth about $38,000. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADI. Benchmark raised their price target on Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, February 19th. BNP Paribas Exane began coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $410.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Barclays boosted their price target on shares of Analog Devices from $375.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Needham & Company LLC upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $366.96.

Analog Devices Trading Up 0.0%

Shares of ADI opened at $355.15 on Tuesday. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $358.00. The firm has a market cap of $173.38 billion, a price-to-earnings ratio of 64.93, a PEG ratio of 1.68 and a beta of 1.03. The firm has a 50 day moving average price of $303.91 and a 200-day moving average price of $266.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.15. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be given a $1.10 dividend. The ex-dividend date is Tuesday, March 3rd. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 72.39%.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the transaction, the senior vice president owned 49,664 shares in the company, valued at approximately $13,828,444.16. The trade was a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Sondel sold 8,169 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the sale, the chief accounting officer owned 18,913 shares of the company’s stock, valued at approximately $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 53,544 shares of company stock valued at $15,320,417. Corporate insiders own 0.36% of the company’s stock.

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.