Citizens Financial Group Inc. RI Invests $3.32 Million in Analog Devices, Inc. $ADI

Citizens Financial Group Inc. RI bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,349 shares of the semiconductor company’s stock, valued at approximately $3,316,000.

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

Analog Devices Stock Performance

NASDAQ ADI opened at $390.28 on Tuesday. The firm has a 50-day moving average price of $390.93 and a two-hundred day moving average price of $369.88. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a market capitalization of $190.10 billion, a P/E ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the firm earned $1.85 earnings per share. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts anticipate that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This trade represents a 1.18% 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. Insiders have sold 105,274 shares of company stock worth $42,247,986 in the last quarter. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of research reports. KeyCorp upped their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Oppenheimer raised their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Jefferies Financial Group upped their target price on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings lowered Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $441.00.

About Analog Devices

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.