Cornerstone Advisors LLC Takes $9.07 Million Position in Analog Devices, Inc. $ADI

Cornerstone Advisors LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 22,840 shares of the semiconductor company’s stock, valued at approximately $9,071,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in Analog Devices during the fourth quarter valued at $25,000. Contravisory Investment Management Inc. purchased a new stake in shares of Analog Devices in the 2nd quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Analog Devices in the 4th quarter worth about $26,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Analog Devices in the 4th quarter worth about $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in Analog Devices during the 1st quarter valued at about $30,000. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Argus set a $460.00 target price on shares of Analog Devices in a report on Tuesday, May 26th. Fundamental Research set a $550.00 price target on Analog Devices in a research report on Monday, June 29th. Truist Financial upped their price target on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $441.00.

Analog Devices Stock Performance

Shares of ADI stock opened at $390.28 on Tuesday. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company’s 50-day moving average is $390.93 and its 200 day moving average is $369.88. The company has a market capitalization of $190.10 billion, a price-to-earnings ratio of 57.99, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices’s revenue was up 37.2% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $49,926,294. This represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the 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 owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,274 shares of company stock worth $42,247,986 over the last three months. 0.36% of the stock is currently owned by insiders.

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.