Analog Devices, Inc. $ADI Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 632,311 shares of the semiconductor company’s stock after acquiring an additional 27,922 shares during the period. ProShare Advisors LLC’s holdings in Analog Devices were worth $250,844,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vise Technologies Inc. acquired a new position in shares of Analog Devices in the third quarter worth approximately $12,040,000. Investment Partners LTD. boosted its position in Analog Devices by 44.2% during the 3rd quarter. Investment Partners LTD. now owns 2,049 shares of the semiconductor company’s stock valued at $813,000 after acquiring an additional 628 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in Analog Devices by 2.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 7,482 shares of the semiconductor company’s stock valued at $2,968,000 after purchasing an additional 151 shares during the last quarter. Summit Global Investments lifted its position in Analog Devices by 2.0% during the third quarter. Summit Global Investments now owns 4,173 shares of the semiconductor company’s stock valued at $1,655,000 after purchasing an additional 82 shares in the last quarter. Finally, Invera Wealth Advisors LLC grew its holdings in Analog Devices by 6.7% during the 3rd quarter. Invera Wealth Advisors LLC now owns 1,793 shares of the semiconductor company’s stock valued at $711,000 after buying an additional 113 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Down 3.7%

Shares of ADI opened at $417.11 on Friday. The firm has a market cap of $202.12 billion, a P/E ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The business has a 50-day moving average of $388.54 and a 200 day moving average of $371.13. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a research note on Thursday, August 20th. Morgan Stanley increased their price target on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Evercore lowered their target price on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 price target (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Insiders Place Their Bets

In other news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $420.04, for a total transaction of $594,776.64. Following the completion of the sale, the director owned 108,847 shares in the company, valued at $45,720,093.88. This trade represents a 1.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider directly owned 14,849 shares of the company’s stock, valued at $6,162,631.98. The trade was a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 52,436 shares of company stock valued at $20,014,954. 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 designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.