Analog Devices, Inc. $ADI Shares Sold by Alkeon Capital Management LLC

Alkeon Capital Management LLC decreased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 28.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,018,833 shares of the semiconductor company’s stock after selling 795,000 shares during the quarter. Analog Devices makes up 0.9% of Alkeon Capital Management LLC’s holdings, making the stock its 12th biggest position. Alkeon Capital Management LLC’s holdings in Analog Devices were worth $547,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ADI. Hilton Head Capital Partners LLC acquired a new position in Analog Devices during the fourth quarter worth about $26,000. Gordian Capital Singapore Pte Ltd acquired a new position in Analog Devices during the fourth quarter worth about $27,000. Y.D. More Investments Ltd acquired a new position in Analog Devices during the third quarter worth about $32,000. Albion Financial Group UT boosted its position 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 acquiring an additional 36 shares during the last quarter. Finally, Entrust Financial LLC acquired a new position in Analog Devices during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

NASDAQ:ADI opened at $427.58 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The firm has a market capitalization of $208.27 billion, a price-to-earnings ratio of 63.53, a PEG ratio of 1.17 and a beta of 1.18. The company’s 50-day moving average is $393.95 and its two-hundred day moving average is $336.60. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $439.70.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating 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 company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business posted $1.85 EPS. Analog Devices’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 forecast that Analog Devices, Inc. will post 12.41 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 2nd. Analog Devices’s dividend payout ratio is currently 65.38%.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 101,442 shares of company stock valued at $40,422,954. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Argus set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, May 26th. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Analog Devices in a research report on Wednesday, May 20th. UBS Group boosted their price target on shares of Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Jefferies Financial Group boosted their price target on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. 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 MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $432.71.

About Analog Devices

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.