Analog Devices, Inc. $ADI Stock: Cyndeo Wealth Partners LLC Increases Position

Cyndeo Wealth Partners LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 8.6% in the 3rd quarter, Holdings Channel reports. The firm owned 42,209 shares of the semiconductor company’s stock after purchasing an additional 3,329 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Analog Devices were worth $16,745,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Analog Devices in the second quarter valued at about $18,610,868,000. Bank of America Corp DE acquired a new stake in shares of Analog Devices during the 2nd quarter valued at approximately $3,573,081,000. Legal & General Group Plc purchased a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp purchased a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,326,066,000. Finally, Primecap Management Co. CA acquired a new stake in shares of Analog Devices in the 2nd quarter worth approximately $1,242,479,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In related news, insider Katsufumi Nakamura sold 1,200 shares of Analog Devices stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the sale, the insider owned 14,849 shares in the company, valued at approximately $6,162,631.98. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Puccio, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $421.08, for a total transaction of $631,620.00. Following the completion of the transaction, the chief financial officer owned 49,677 shares in the company, valued at approximately $20,917,991.16. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 50,936 shares of company stock valued at $19,430,764. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

ADI has been the subject of several research analyst reports. Needham & Company LLC raised their price objective on Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Fundamental Research set a $550.00 price objective on Analog Devices in a report on Monday, June 29th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Stifel Nicolaus boosted their target price on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, TD Cowen reiterated a “buy” rating and issued a $460.00 price objective (up from $450.00) on shares of Analog Devices in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $460.09.

Analog Devices Trading Down 2.1%

Shares of ADI opened at $395.44 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The stock has a market cap of $191.62 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22. The firm has a 50 day simple moving average of $382.76 and a 200-day simple moving average of $386.52.

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. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. Analog Devices’s quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts forecast that Analog Devices, Inc. will post 12.99 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

About Analog Devices

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.