NEOS Investment Management LLC Boosts Stock Holdings in Analog Devices, Inc. $ADI

NEOS Investment Management LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 373,750 shares of the semiconductor company’s stock after buying an additional 36,264 shares during the period. NEOS Investment Management LLC’s holdings in Analog Devices were worth $148,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in Analog Devices during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the second quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in Analog Devices in the second quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new stake in shares of Analog Devices during the second quarter valued at approximately $33,000. Finally, Caitlin John LLC purchased a new stake in shares of Analog Devices during the second quarter valued at approximately $35,000. Institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the transaction, the director owned 114,511 shares in the company, valued at $43,213,016.07. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. The trade was 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. In the last 90 days, insiders sold 41,363 shares of company stock valued at $15,477,939. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADI. Truist Financial lifted their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Wells Fargo & Company dropped their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. KeyCorp boosted their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, 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 research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $454.63.

Analog Devices Price Performance

Shares of ADI stock opened at $356.50 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The firm has a market cap of $172.75 billion, a P/E ratio of 42.29, a P/E/G ratio of 1.10 and a beta of 1.20. The business’s 50 day moving average price is $377.67 and its 200-day moving average price is $373.99.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 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 quarter in the prior year, the company earned $2.05 earnings per share. The firm’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. On average, equities research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

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

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.