Family Manage LLC Makes New Investment in Analog Devices, Inc. $ADI

Family Manage LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 1st quarter, Holdings Channel.com reports. The fund bought 7,632 shares of the semiconductor company’s stock, valued at approximately $2,428,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Riverbend Wealth Management LLC grew its position 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. Bridgewater Advisors Inc. raised its holdings in Analog Devices by 1.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 27 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Analog Devices by 12.0% in 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 position in shares of 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 during the period. Finally, Covestor Ltd lifted its position in shares of Analog Devices by 14.1% during the 4th quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 34 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Analog Devices in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Jefferies Financial Group increased their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Wolfe Research reissued an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Finally, Needham & Company LLC boosted their target price on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $441.00.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total value of $533,846.16. Following the sale, the director directly owned 117,343 shares in the company, valued at $44,239,484.43. The trade was a 1.19% 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. In the last 90 days, insiders sold 103,858 shares of company stock worth $42,062,730. Insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $371.86 on Monday. The company has a 50 day simple moving average of $401.93 and a 200 day simple moving average of $361.24. The stock has a market cap of $181.13 billion, a price-to-earnings ratio of 55.25, a P/E/G ratio of 0.96 and a beta of 1.18. 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.

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

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is presently 65.38%.

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.