2,979 Shares in Analog Devices, Inc. $ADI Acquired by Independent Financial Group LLC

Independent Financial Group LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 1st quarter, HoldingsChannel.com reports. The fund bought 2,979 shares of the semiconductor company’s stock, valued at approximately $948,000.

Several other large investors have also modified their holdings of the business. Prosperity Consulting Group LLC grew its holdings in shares of Analog Devices by 23.9% during the 1st quarter. Prosperity Consulting Group LLC now owns 1,907 shares of the semiconductor company’s stock worth $607,000 after purchasing an additional 368 shares during the period. Wealthfront Advisers LLC raised its holdings in Analog Devices by 28.0% in the 1st quarter. Wealthfront Advisers LLC now owns 65,200 shares of the semiconductor company’s stock valued at $20,743,000 after buying an additional 14,253 shares during the period. D.A. Davidson & CO. raised its holdings in Analog Devices by 1.7% in the 1st quarter. D.A. Davidson & CO. now owns 25,169 shares of the semiconductor company’s stock valued at $8,007,000 after buying an additional 421 shares during the period. Beaumont Financial Advisors LLC lifted its position in Analog Devices by 9.3% in the first quarter. Beaumont Financial Advisors LLC now owns 949 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 81 shares during the last quarter. Finally, Twin Capital Management Inc. acquired a new position in Analog Devices in the first quarter valued at about $346,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In related news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction 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 completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was 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 of the company’s stock, valued at $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 103,858 shares of company stock worth $42,062,730. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Arete Research raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price target on the stock in a research note on Monday, March 30th. Argus set a $460.00 price objective on shares of Analog Devices in a research report on Tuesday, May 26th. Cantor Fitzgerald lifted their target price on shares of Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Jefferies Financial Group boosted their target price on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company upped their price target on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Two investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $441.00.

Analog Devices Stock Down 0.8%

Shares of ADI opened at $372.46 on Tuesday. The stock has a market capitalization of $181.42 billion, a PE ratio of 55.34, a P/E/G ratio of 1.05 and a beta of 1.18. Analog Devices, Inc. has a 1 year low of $218.37 and a 1 year 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’s 50-day simple moving average is $405.42 and its 200-day simple moving average is $358.22.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the business posted $1.85 earnings per share. The business’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. Analysts forecast that Analog Devices, Inc. will post 12.43 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

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.