PNC Financial Services Group Inc. Acquires 4,400 Shares of Analog Devices, Inc. $ADI

PNC Financial Services Group Inc. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.8% in the first quarter, Holdings Channel.com reports. The firm owned 160,374 shares of the semiconductor company’s stock after buying an additional 4,400 shares during the period. PNC Financial Services Group Inc.’s holdings in Analog Devices were worth $51,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ADI. Riverbend Wealth Management LLC grew its holdings in Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after buying an additional 27 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Analog Devices by 12.0% during the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 30 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after acquiring an additional 32 shares in the last quarter. Covestor Ltd boosted its holdings in Analog Devices by 14.1% during the 4th quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 34 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC grew its stake in shares of Analog Devices by 3.4% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 1,026 shares of the semiconductor company’s stock worth $326,000 after acquiring an additional 34 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADI. Cantor Fitzgerald increased their target price on shares of Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Oppenheimer upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Arete Research raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 target price on the stock in a research report on Monday, March 30th. Argus set a $460.00 target price on Analog Devices in a research note on Tuesday, May 26th. Finally, Barclays upped their target price on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $441.00.

Insider Buying and Selling at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the sale, the director owned 11,019 shares of the company’s stock, valued at $4,295,536.77. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 103,858 shares of company stock worth $42,062,730 over the last three months. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $380.20 on Friday. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The stock’s fifty day moving average price is $402.84 and its two-hundred day moving average price is $360.57. The firm has a market cap of $185.19 billion, a PE ratio of 56.49, a PEG ratio of 1.00 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.

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.