Texas Capital Bank Wealth Management Services Inc Makes New $1.80 Million Investment in Analog Devices, Inc. $ADI

Texas Capital Bank Wealth Management Services Inc purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,525 shares of the semiconductor company’s stock, valued at approximately $1,797,000.

A number of other large investors also recently modified their holdings of the business. ING Groep NV increased its stake in Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock valued at $60,358,000 after buying an additional 69,202 shares during the period. Covenant Asset Management LLC acquired a new stake in shares of Analog Devices in the 4th quarter worth approximately $2,500,000. MGO One Seven LLC boosted its holdings in shares of Analog Devices by 17.7% in the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock valued at $12,352,000 after acquiring an additional 6,846 shares in the last quarter. Jones Kertz & Associates Inc. bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $1,480,000. Finally, Natixis Advisors LLC increased its stake in shares of Analog Devices by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company’s stock valued at $271,791,000 after acquiring an additional 23,531 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karen Golz sold 1,000 shares of the 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 completion of the transaction, the director owned 11,019 shares of the company’s stock, valued at $4,295,536.77. This trade represents a 8.32% 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. Insiders sold 105,274 shares of company stock valued at $42,247,986 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

Analog Devices Stock Up 0.2%

NASDAQ ADI opened at $390.28 on Tuesday. 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 PEG ratio of 1.01 and a beta of 1.20. The company’s 50 day simple moving average is $390.93 and its 200 day simple moving average is $369.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADI. Argus set a $460.00 target price on Analog Devices in a report on Tuesday, May 26th. Weiss Ratings lowered Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. KeyCorp lifted their price target on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Wells Fargo & Company boosted their price objective on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Oppenheimer upped their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Two equities research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $441.00.

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.