Moran Wealth Management LLC Invests $534,000 in Analog Devices, Inc. $ADI

Moran Wealth Management LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,678 shares of the semiconductor company’s stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. PFG Investments LLC lifted its position in Analog Devices by 3.5% during the first quarter. PFG Investments LLC now owns 2,021 shares of the semiconductor company’s stock valued at $643,000 after buying an additional 69 shares in the last quarter. Turtle Creek Wealth Advisors LLC increased its position in shares of Analog Devices by 36.3% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 2,575 shares of the semiconductor company’s stock worth $819,000 after acquiring an additional 686 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Analog Devices by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 369,164 shares of the semiconductor company’s stock valued at $117,446,000 after acquiring an additional 1,820 shares during the period. Sierra Summit Advisors LLC raised its stake in shares of Analog Devices by 3.8% in the 1st quarter. Sierra Summit Advisors LLC now owns 5,698 shares of the semiconductor company’s stock valued at $1,813,000 after acquiring an additional 210 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Analog Devices by 7.4% during the 1st quarter. Private Advisor Group LLC now owns 22,952 shares of the semiconductor company’s stock valued at $7,302,000 after acquiring an additional 1,573 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ADI shares. Fundamental Research set a $550.00 price target on shares of Analog Devices in a research report on Monday, June 29th. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Truist Financial upped their target price on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Bank of America increased their target price on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, TD Cowen boosted their price target on Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $439.79.

Analog Devices Stock Down 4.0%

ADI stock traded down $15.44 during trading on Tuesday, reaching $373.39. The stock had a trading volume of 551,039 shares, compared to its average volume of 4,300,194. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $181.88 billion, a P/E ratio of 55.36, a PEG ratio of 1.06 and a beta of 1.18. The firm has a fifty day moving average price of $409.39 and a 200 day moving average price of $349.73.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the firm earned $1.85 earnings per share. The company’s revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 12.41 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is 65.38%.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $53,605,435.50. This represents a 6.78% decrease in their position. The transaction was disclosed in a 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, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the sale, the director directly owned 12,019 shares of the company’s stock, valued at $4,951,227.05. The trade was a 7.68% decrease in their position. 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. Insiders have sold 101,442 shares of company stock valued at $41,139,054 over the last 90 days. 0.36% of the stock is owned by company insiders.

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.