Washington Trust Bank Purchases 17,479 Shares of Analog Devices, Inc. $ADI

Washington Trust Bank raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 676.2% in the second quarter, HoldingsChannel reports. The fund owned 20,064 shares of the semiconductor company’s stock after purchasing an additional 17,479 shares during the quarter. Washington Trust Bank’s holdings in Analog Devices were worth $7,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. New Mexico Educational Retirement Board raised its position in shares of Analog Devices by 6.1% during the second quarter. New Mexico Educational Retirement Board now owns 24,386 shares of the semiconductor company’s stock worth $9,685,000 after purchasing an additional 1,400 shares during the period. Manchester Financial Inc. acquired a new stake in Analog Devices in the 2nd quarter valued at $223,000. Mufg Securities Americas Inc. increased its stake in Analog Devices by 8.8% during the 2nd quarter. Mufg Securities Americas Inc. now owns 14,705 shares of the semiconductor company’s stock valued at $5,840,000 after purchasing an additional 1,184 shares in the last quarter. Van ECK Associates Corp increased its stake in Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after purchasing an additional 1,670,957 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in Analog Devices by 19.4% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 138,288 shares of the semiconductor company’s stock worth $54,924,000 after buying an additional 22,424 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $49,926,294. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 48,957 shares of company stock valued at $19,268,931 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $361.78 on Friday. The firm has a 50-day moving average of $382.77 and a 200-day moving average of $372.95. The company has a market cap of $175.31 billion, a P/E ratio of 42.92, a P/E/G ratio of 0.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is currently 52.19%.

Analyst Ratings Changes

A number of research firms have weighed in on ADI. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 price objective on shares of Analog Devices in a report on Monday, August 17th. Bank of America upped their target price on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Stifel Nicolaus raised their price target on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Raymond James Financial reiterated an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Barclays boosted their price objective on Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $454.63.

Analog Devices Company 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.