Wealthfront Advisers LLC Grows Stock Holdings in Analog Devices, Inc. $ADI

Wealthfront Advisers LLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 28.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,200 shares of the semiconductor company’s stock after purchasing an additional 14,253 shares during the period. Wealthfront Advisers LLC’s holdings in Analog Devices were worth $20,743,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 529 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Analog Devices by 36.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after acquiring an additional 464 shares during the period. Ieq Capital LLC raised its holdings in shares of Analog Devices by 38.0% during the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock worth $10,610,000 after acquiring an additional 12,276 shares during the period. HUB Investment Partners LLC acquired a new position in shares of Analog Devices during the 2nd quarter valued at about $644,000. Finally, Peapack Gladstone Financial Corp boosted its position in shares of Analog Devices by 2.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock valued at $14,322,000 after acquiring an additional 1,406 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

NASDAQ:ADI opened at $380.53 on Friday. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The company has a 50 day moving average price of $407.25 and a 200 day moving average price of $356.83. The stock has a market capitalization of $185.35 billion, a P/E ratio of 56.54, a PEG ratio of 1.09 and a beta of 1.18.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 12.43 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s payout ratio is currently 65.38%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Argus set a $460.00 price objective on shares of Analog Devices in a research report on Tuesday, May 26th. KeyCorp increased their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Analog Devices in a report on Wednesday, May 20th. Barclays upped their price objective on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Citigroup increased their price objective on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Check Out Our Latest Stock Analysis on ADI

Key Stories Impacting Analog Devices

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

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 1,432 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 103,858 shares of company stock worth $42,062,730 in the last 90 days. Insiders own 0.36% of the company’s stock.

Analog Devices Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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