CIBC Private Wealth Group LLC Trims Stake in Analog Devices, Inc. $ADI

CIBC Private Wealth Group LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 990,237 shares of the semiconductor company’s stock after selling 15,840 shares during the period. CIBC Private Wealth Group LLC’s holdings in Analog Devices were worth $243,301,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ADI. Howard Hughes Medical Institute purchased a new stake in shares of Analog Devices in the second quarter valued at $25,000. Clayton Financial Group LLC purchased a new stake in Analog Devices during the 3rd quarter worth about $31,000. Y.D. More Investments Ltd acquired a new position in Analog Devices in the 3rd quarter valued at about $32,000. LFA Lugano Financial Advisors SA raised its stake in Analog Devices by 92.9% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in Analog Devices in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $320.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Cantor Fitzgerald upped their price objective on shares of Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Truist Financial raised their target price on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Stifel Nicolaus set a $405.00 target price on shares of Analog Devices and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Barclays boosted their price target on Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average target price of $366.96.

Analog Devices Trading Up 0.9%

Shares of ADI stock opened at $313.66 on Wednesday. The firm’s 50-day simple moving average is $321.51 and its 200-day simple moving average is $276.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $363.20. The firm has a market cap of $153.13 billion, a P/E ratio of 57.34, a PEG ratio of 1.43 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. Analog Devices’s revenue was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s dividend payout ratio is presently 80.44%.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the completion of the sale, the director directly owned 123,821 shares in the company, valued at $39,288,403.30. This represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the completion of the transaction, the chief executive officer directly owned 155,688 shares in the company, valued at $47,783,760.96. This trade represents a 6.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 41,449 shares of company stock worth $12,336,069. 0.36% of the stock is currently owned by company insiders.

Analog Devices 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.