Analog Devices, Inc. $ADI Stake Boosted by Harrell Investment Partners LLC

Harrell Investment Partners LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.4% during the second quarter, HoldingsChannel.com reports. The firm owned 32,755 shares of the semiconductor company’s stock after buying an additional 1,692 shares during the period. Analog Devices accounts for 2.8% of Harrell Investment Partners LLC’s portfolio, making the stock its 7th biggest position. Harrell Investment Partners LLC’s holdings in Analog Devices were worth $13,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Banque Transatlantique SA purchased a new position in Analog Devices during the 4th quarter worth $25,000. Contravisory Investment Management Inc. purchased a new stake in Analog Devices in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices in the fourth quarter worth about $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices during the fourth quarter worth about $27,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Analog Devices during the first quarter worth about $30,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,274 shares of company stock valued at $42,247,986 in the last 90 days. 0.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Needham & Company LLC increased their target price on shares of Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Evercore restated an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Oppenheimer lifted their price target on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald increased their price target on Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given 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 $441.00.

Analog Devices Trading Down 1.5%

ADI stock opened at $383.92 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12-month low of $223.44 and a 12-month high of $445.91. The stock has a market cap of $187.00 billion, a price-to-earnings ratio of 57.05, a PEG ratio of 1.01 and a beta of 1.20. The business’s 50-day moving average is $394.22 and its 200 day moving average is $367.04.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The business 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 business’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 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio 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.