Element Capital Management LLC Buys Shares of 2,043 Analog Devices, Inc. $ADI

Element Capital Management LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,043 shares of the semiconductor company’s stock, valued at approximately $502,000. Analog Devices comprises approximately 0.7% of Element Capital Management LLC’s portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of ADI. Elevation Point Wealth Partners LLC boosted its position in Analog Devices by 8.0% during the third quarter. Elevation Point Wealth Partners LLC now owns 11,833 shares of the semiconductor company’s stock valued at $2,907,000 after purchasing an additional 878 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Analog Devices by 451.3% during the 3rd quarter. Brevan Howard Capital Management LP now owns 33,409 shares of the semiconductor company’s stock worth $8,209,000 after purchasing an additional 27,349 shares in the last quarter. Cannell & Spears LLC lifted its holdings in shares of Analog Devices by 28.1% during the 3rd quarter. Cannell & Spears LLC now owns 346,191 shares of the semiconductor company’s stock valued at $85,059,000 after buying an additional 75,862 shares during the last quarter. Ausdal Financial Partners Inc. bought a new stake in shares of Analog Devices in the 3rd quarter valued at approximately $354,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Analog Devices by 3.7% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 82,598 shares of the semiconductor company’s stock worth $20,292,000 after buying an additional 2,917 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, CAO Michael Sondel sold 4,199 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total value of $1,515,922.98. Following the sale, the chief accounting officer owned 14,740 shares of the company’s stock, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the transaction, the chief executive officer directly owned 155,688 shares in the company, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,574 shares of company stock valued at $14,565,113 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADI. KeyCorp lifted their target price on shares of Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Piper Sandler raised their price target on shares of Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Robert W. Baird set a $365.00 price objective on shares of Analog Devices in a research note on Thursday, February 19th. Stifel Nicolaus set a $405.00 price objective on shares of Analog Devices and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $270.00 target price on shares of Analog Devices in a report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $366.96.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $306.07 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $320.42 and a 200-day simple moving average of $275.36. The stock has a market capitalization of $149.42 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 1.41 and a beta of 1.00. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $363.20.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.31 by $0.15. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 3rd. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Analog Devices’s dividend payout ratio is presently 80.44%.

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.