Equitable Holdings Inc. Makes New Investment in Analog Devices, Inc. $ADI

Equitable Holdings Inc. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,492 shares of the semiconductor company’s stock, valued at approximately $4,961,000.

Several other hedge funds have also made changes to their positions in the business. Banque Transatlantique SA acquired a new position in Analog Devices in the 4th quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new stake in Analog Devices during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new position in shares of Analog Devices in the 2nd quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the subject of several recent research reports. Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a report on Thursday, August 20th. Oppenheimer boosted their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Raymond James Financial restated an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $454.63.

Insider Activity

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the business’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 value of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This trade represents a 23.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,957 shares of company stock valued at $18,894,431 in the last quarter. Insiders own 0.36% of the company’s stock.

Analog Devices Trading Up 0.7%

Shares of ADI stock opened at $374.52 on Friday. The business’s fifty day moving average price is $384.22 and its 200 day moving average price is $373.02. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The firm has a market capitalization of $181.48 billion, a PE ratio of 44.43, a P/E/G ratio of 0.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s payout ratio is currently 52.19%.

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.