Bleakley Financial Group LLC Has $3.96 Million Stock Holdings in Analog Devices, Inc. $ADI

Bleakley Financial Group LLC reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 17.5% in the 1st quarter, HoldingsChannel reports. The fund owned 12,433 shares of the semiconductor company’s stock after selling 2,634 shares during the period. Bleakley Financial Group LLC’s holdings in Analog Devices were worth $3,955,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADI. Banque Transatlantique SA bought a new stake in shares of Analog Devices in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Analog Devices in the 4th quarter worth approximately $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Analog Devices during the fourth quarter worth $27,000. Evolution Wealth Management Inc. acquired a new stake in shares of Analog Devices during the first quarter worth $30,000. Finally, Albion Financial Group UT raised its stake in Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after buying an additional 36 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

ADI has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. KeyCorp raised their target price on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday. Arete Research upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 target price for the company in a report on Monday, March 30th. Citigroup boosted their price target on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $441.00.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $53,605,435.50. This represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total value of $533,846.16. Following the completion of the sale, the director directly owned 117,343 shares in the company, valued at approximately $44,239,484.43. The trade was a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 103,858 shares of company stock valued at $42,062,730. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

NASDAQ ADI opened at $390.96 on Thursday. The company has a fifty day simple moving average of $407.81 and a 200 day simple moving average of $356.10. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month 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 cap of $190.43 billion, a P/E ratio of 58.09, a PEG ratio of 1.10 and a beta of 1.18.

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, 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 firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The business’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. Sell-side analysts predict that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

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.