2,470 Shares in Analog Devices, Inc. $ADI Bought by GTS Securities LLC

GTS Securities LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, HoldingsChannel reports. The fund purchased 2,470 shares of the semiconductor company’s stock, valued at approximately $981,000.

Several other large investors have also added to or reduced their stakes in the company. Riverbend Wealth Management LLC raised its stake in shares of Analog Devices by 2.2% in the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 27 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after purchasing an additional 27 shares during the period. Silicon Valley Capital Partners boosted its position in Analog Devices by 4.2% in the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 27 shares during the last quarter. Sound Income Strategies LLC boosted its position in Analog Devices by 12.0% in the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. increased its holdings in Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Down 3.4%

Shares of ADI stock opened at $361.78 on Friday. The stock has a 50 day moving average of $382.77 and a 200 day moving average of $372.95. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock 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. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $2.05 earnings per share. Analog Devices’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

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

Insider Activity

In related news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the sale, the director owned 114,511 shares in the company, valued at approximately $43,213,016.07. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $49,926,294. The trade was a 6.78% decrease in their position. 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. Over the last three months, insiders sold 48,957 shares of company stock valued at $19,268,931. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADI. Raymond James Financial reissued an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Needham & Company LLC upped their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. TD Cowen reissued a “buy” rating and set a $460.00 target price on shares of Analog Devices in a report on Thursday, August 20th. Finally, Argus set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $454.63.

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.