Meeder Asset Management Inc. Buys New Holdings in Analog Devices, Inc. $ADI

Meeder Asset Management Inc. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, Holdings Channel reports. The fund bought 30,767 shares of the semiconductor company’s stock, valued at approximately $12,220,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in shares of Analog Devices in the 4th quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Analog Devices in the 2nd quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth about $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices during the 4th quarter worth about $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Analog Devices during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity

In other news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the transaction, the director directly owned 11,019 shares in the company, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 on Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 105,274 shares of company stock worth $42,247,986. Company insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $390.28 on Tuesday. The firm has a market cap of $190.10 billion, a P/E ratio of 57.99, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The stock has a 50-day simple moving average of $390.93 and a 200-day simple moving average of $369.88.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate 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 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 company posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on ADI shares. Weiss Ratings lowered shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Wells Fargo & Company boosted their price objective on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Wolfe Research reissued an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Needham & Company LLC raised their target price on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Citigroup raised their target price on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $441.00.

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.