CX Institutional Grows Stock Position in Analog Devices, Inc. $ADI

CX Institutional increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 521.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,958 shares of the semiconductor company’s stock after purchasing an additional 25,140 shares during the quarter. CX Institutional’s holdings in Analog Devices were worth $11,885,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Riverbend Wealth Management LLC boosted its holdings 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 valued at $396,000 after buying an additional 27 shares during the period. Bridgewater Advisors Inc. lifted its position 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. Silicon Valley Capital Partners boosted its stake in Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 27 shares during the period. Cornerstone Financial Management LLC increased its holdings in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 28 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of 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 purchasing an additional 30 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Performance

NASDAQ ADI traded up $12.55 on Friday, hitting $417.15. 2,629,785 shares of the stock were exchanged, compared to its average volume of 4,080,674. The company has a market capitalization of $202.14 billion, a PE ratio of 49.48, a P/E/G ratio of 1.23 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The business’s fifty day moving average is $374.38 and its 200 day moving average is $379.57. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data 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. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts anticipate that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s dividend payout ratio is currently 52.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Needham & Company LLC raised their price target on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a report on Monday, June 29th. Arete Research increased their target price on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Morgan Stanley raised their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $460.09.

Insiders Place Their Bets

In related news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $382.19, for a total value of $573,285.00. Following the sale, the chief financial officer owned 51,177 shares in the company, valued at approximately $19,559,337.63. This represents a 2.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director directly owned 10,019 shares of the company’s stock, valued at $3,752,115.50. This represents a 9.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 31,931 shares of company stock valued at $11,663,332. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.