Analog Devices, Inc. $ADI Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 5.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 246,490 shares of the semiconductor company’s stock after buying an additional 13,073 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Analog Devices were worth $78,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Banque Transatlantique SA purchased a new stake in Analog Devices during the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices during the 4th quarter worth $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Analog Devices during the 4th quarter worth $27,000. Albion Financial Group UT increased its holdings in Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares in the last quarter. Finally, Entrust Financial LLC acquired a new stake in Analog Devices in the 4th quarter valued at $33,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on ADI. Jefferies Financial Group boosted their price objective on Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Evercore reiterated an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised their target price on Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Oppenheimer boosted their price target on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Needham & Company LLC increased their price objective on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $434.43.

Check Out Our Latest Report on Analog Devices

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Analog Devices Stock Performance

NASDAQ:ADI opened at $387.14 on Friday. The firm has a 50-day moving average of $408.01 and a two-hundred day moving average of $345.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The stock has a market cap of $188.57 billion, a P/E ratio of 57.52, a PEG ratio of 1.08 and a beta of 1.18. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts expect that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio is presently 65.38%.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $411.95, for a total transaction of $411,950.00. Following the transaction, the director owned 12,019 shares in the company, valued at $4,951,227.05. This trade represents a 7.68% 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 have sold 101,442 shares of company stock valued at $40,422,954. Corporate insiders own 0.36% of the company’s stock.

About Analog Devices

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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