Huntington National Bank Buys 3,751 Shares of Analog Devices, Inc. $ADI

Huntington National Bank increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 505,759 shares of the semiconductor company’s stock after purchasing an additional 3,751 shares during the quarter. Analog Devices accounts for approximately 0.8% of Huntington National Bank’s portfolio, making the stock its 28th largest position. Huntington National Bank’s holdings in Analog Devices were worth $137,162,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ADI. Y.D. More Investments Ltd bought a new stake in shares of Analog Devices in the 3rd quarter valued at about $32,000. LFA Lugano Financial Advisors SA increased its holdings in shares of Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Albion Financial Group UT lifted its stake in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 36 shares during the period. Entrust Financial LLC acquired a new stake in Analog Devices during the 4th quarter valued at approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in Analog Devices by 61.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 49 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: JPMorgan raised its price target on Analog Devices to $450 from $400 and kept an overweight rating, signaling confidence in additional upside. Benzinga report on JPMorgan price target increase
• Positive Sentiment: Analyst coverage has turned more favorable, with reports highlighting solid earnings estimate revisions and suggesting ADI could be poised for a near-term surge. Zacks report on earnings estimate revisions
• Positive Sentiment: ADI’s AI/data center business is showing strong momentum, with one report citing 90% growth in AI data center revenue and margin expansion from optical and power solutions. Yahoo Finance article on AI data center momentum
• Positive Sentiment: Management’s latest earnings call commentary emphasized stronger-than-expected industrial and data center demand, along with broad strength in analog and mixed-signal solutions. Yahoo Finance article on earnings call
• Neutral Sentiment: CEO Vincent Roche disclosed two sales of 30,000 shares each, totaling about $24.4 million, which may raise some investor caution but do not by themselves indicate a change in fundamentals.
• Neutral Sentiment: Broader tech-sector strength and record highs in the Nasdaq have also supported investor appetite for semiconductor names like ADI. Barchart market backdrop article

Insider Buying and Selling

In other news, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. The trade was a 17.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 80,000 shares of company stock valued at $31,519,000. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ADI. Stifel Nicolaus increased their target price on shares of Analog Devices from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Arete Research raised shares of 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. Bank of America upped their target price on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wolfe Research reissued an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $432.71.

Analog Devices Stock Performance

Shares of ADI opened at $416.88 on Thursday. 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 firm has a market cap of $203.06 billion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. The company’s 50 day simple moving average is $367.82 and its 200-day simple moving average is $320.14. Analog Devices, Inc. has a 12-month low of $210.80 and a 12-month high of $435.72.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period last year, the firm posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts predict that Analog Devices, Inc. will post 12.31 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s payout ratio is 65.38%.

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.