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

Cornerstone Advisors LLC raised its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 45.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,246 shares of the semiconductor company’s stock after purchasing an additional 10,406 shares during the quarter. Cornerstone Advisors LLC’s holdings in Analog Devices were worth $13,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. IPG Investment Advisors LLC purchased a new stake in shares of Analog Devices during the 2nd quarter worth $1,922,000. Birch Hill Investment Advisors LLC increased its holdings in shares of Analog Devices by 18.5% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock valued at $53,077,000 after purchasing an additional 20,889 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Analog Devices in the second quarter valued at about $500,414,000. Finally, Ieq Capital LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $19,643,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Trading Down 2.8%

Shares of ADI stock opened at $397.97 on Friday. The stock has a market cap of $192.84 billion, a P/E ratio of 47.21, a P/E/G ratio of 0.99 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a fifty-two week low of $224.25 and a fifty-two week high of $445.91. The business has a fifty day simple moving average of $394.80 and a 200-day simple moving average of $375.87.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts forecast that Analog Devices, Inc. will post 12.88 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

More Analog Devices News

Here’s some of the latest news about ADI:

• Positive Sentiment: Roth Capital initiated coverage with a Buy rating and a $505 price target, citing Analog Devices’ growing content in AI infrastructure. Roth Capital Buy rating article
• Neutral Sentiment: An article reported fresh ETF buying in ADI, which may provide some demand support, while also raising the question of whether the stock is already expensive. ETF buying and valuation article
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, adding to near-term pressure. Zacks Research rating information

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Wells Fargo & Company reduced their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. BMO Capital Markets assumed coverage on Analog Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $430.00 price target on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Thirty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $461.85.

Insider Buying and Selling

In other news, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $407.28, for a total value of $576,708.48. Following the sale, the director directly owned 104,599 shares in the company, valued at $42,601,080.72. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the transaction, the insider directly owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 52,436 shares of company stock valued at $20,681,906. 0.36% of the stock is owned by company insiders.

About Analog Devices

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.