1,741 Shares of Analog Devices, Inc. $ADI Bought by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,741 shares of the semiconductor company’s stock, valued at approximately $691,000.

A number of other institutional investors also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in Analog Devices in the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices during the 2nd quarter worth $25,000. Nvwm LLC lifted its holdings in Analog Devices by 590.0% during the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Cornerstone Financial Management LLC lifted its holdings in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after buying an additional 28 shares in the last quarter. Finally, Dunhill Financial LLC bought a new position in Analog Devices in the 2nd quarter valued at $32,000. 86.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore lowered their target price on Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Morgan Stanley boosted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a research report on Thursday, August 20th. TD Cowen raised their target price on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Finally, Needham & Company LLC lifted their price target on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $460.55.

Analog Devices Price Performance

ADI opened at $363.56 on Monday. The stock has a market cap of $176.17 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.88 and a beta of 1.24. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $390.52 and a 200 day simple moving average of $373.48.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts expect that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s payout ratio is currently 52.19%.

Insider Buying and Selling at Analog Devices

In related news, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the sale, the insider directly owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. This represents a 7.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Puccio, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total transaction of $584,190.00. Following the sale, the chief financial officer owned 48,177 shares in the company, valued at $18,763,014.42. This trade represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,436 shares of company stock worth $20,681,906 in the last quarter. Company insiders own 0.36% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.