UNIVEST FINANCIAL Corp Invests $3.01 Million in Analog Devices, Inc. $ADI

UNIVEST FINANCIAL Corp purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,573 shares of the semiconductor company’s stock, valued at approximately $3,008,000.

Several other institutional investors have also recently added to or reduced their stakes in ADI. Lee Johnson Capital Management LLC acquired a new stake in shares of Analog Devices during the second quarter worth $5,189,000. Grandfield & Dodd LLC acquired a new stake in Analog Devices during the second quarter worth about $91,950,000. IMG Wealth Management Inc. bought a new position in Analog Devices in the second quarter worth about $47,000. Oaktop Capital Management II L.P. bought a new position in Analog Devices in the second quarter worth about $185,159,000. Finally, MidFirst Bank acquired a new position in Analog Devices in the second quarter valued at approximately $207,000. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Needham & Company LLC upped their target price on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Raymond James Financial restated an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Stifel Nicolaus upped their price objective on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. KeyCorp increased their target price on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, Citigroup raised their target price on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $441.00.

Insiders Place Their Bets

In other news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director directly owned 11,019 shares in the company, valued at $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 105,274 shares of company stock worth $42,247,986 over the last 90 days. Insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $390.28 on Tuesday. The firm’s 50 day moving average is $390.93 and its two-hundred day moving average is $369.88. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The firm has a market capitalization of $190.10 billion, a P/E ratio of 57.99, a PEG ratio of 1.01 and a beta of 1.20. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the firm 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. Analysts anticipate that Analog Devices, Inc. will post 12.42 earnings per share for the current year.

Analog Devices Company 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.