Gateway Wealth Partners LLC Invests $579,000 in Analog Devices, Inc. $ADI

Gateway Wealth Partners LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,821 shares of the semiconductor company’s stock, valued at approximately $579,000.

A number of other institutional investors have also recently made changes to their positions in ADI. Ardmore Road Asset Management LP acquired a new position in shares of Analog Devices in the first quarter worth $16,543,000. Weiss Asset Management LP purchased a new stake in shares of Analog Devices during the first quarter worth $9,080,000. OMERS ADMINISTRATION Corp raised its stake in shares of Analog Devices by 207.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 54,631 shares of the semiconductor company’s stock valued at $17,380,000 after acquiring an additional 36,845 shares in the last quarter. Van Diest Capital LLC boosted its holdings in Analog Devices by 247.9% in the first quarter. Van Diest Capital LLC now owns 2,884 shares of the semiconductor company’s stock valued at $918,000 after purchasing an additional 2,055 shares during the period. Finally, Cumberland Partners Ltd boosted its holdings in Analog Devices by 31.1% in the first quarter. Cumberland Partners Ltd now owns 1,379 shares of the semiconductor company’s stock valued at $439,000 after purchasing an additional 327 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the 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 $48,169,745.25. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 firm’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 sale, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 93,858 shares of company stock valued at $38,083,630. 0.36% of the stock is owned by company insiders.

Analog Devices Stock Performance

NASDAQ:ADI opened at $366.67 on Friday. Analog Devices, Inc. has a 12 month low of $218.37 and a 12 month high of $445.91. 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 $178.60 billion, a PE ratio of 54.48, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18. The business’s fifty day moving average price is $398.78 and its 200 day moving average price is $363.15.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.Analog Devices’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Wolfe Research reiterated an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Sanford C. Bernstein reissued a “market perform” rating and set a $430.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Truist Financial upped their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Finally, Bank of America raised their target price on shares of Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $441.00.

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.