Perigon Wealth Management LLC Invests $2.03 Million in Analog Devices, Inc. $ADI

Perigon Wealth Management LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,122 shares of the semiconductor company’s stock, valued at approximately $2,034,000.

Other hedge funds also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI bought a new stake in Analog Devices during the 2nd quarter worth approximately $4,793,000. Phillips Wealth Planners LLC bought a new position in Analog Devices in the 2nd quarter valued at $421,000. Trust Co. of Vermont purchased a new position in shares of Analog Devices during the 2nd quarter valued at $26,132,000. Principle Wealth Partners LLC bought a new position in shares of Analog Devices in the second quarter worth $932,000. Finally, UP Strategic Wealth Investment Advisors LLC purchased a new stake in shares of Analog Devices in the second quarter worth $330,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 0.2%

ADI opened at $390.28 on Tuesday. The business’s fifty day simple moving average is $390.93 and its 200 day simple moving average is $369.88. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market cap of $190.10 billion, a PE ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20.

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

Insider Transactions at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 105,274 shares of company stock worth $42,247,986 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ADI. Robert W. Baird lifted their price objective on Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Evercore reiterated an “outperform” rating and set a $474.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Weiss Ratings lowered Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $430.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $441.00.

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.