Worth Asset Management LLC Invests $1.47 Million in Analog Devices, Inc. $ADI

Worth Asset Management LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,614 shares of the semiconductor company’s stock, valued at approximately $1,468,000.

Several other hedge funds also recently modified their holdings of the company. 1620 Investment Advisors Inc. increased its holdings in Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 32 shares in the last quarter. Covestor Ltd raised its position in Analog Devices by 14.1% in the fourth quarter. Covestor Ltd now owns 275 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 34 shares during the last quarter. Maia Wealth LLC boosted its stake in shares of Analog Devices by 2.0% during the fourth quarter. Maia Wealth LLC now owns 1,720 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 34 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Analog Devices by 9.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 390 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 35 shares in the last quarter. Finally, Albion Financial Group UT grew its holdings in shares of Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ADI shares. Arete Research raised Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price objective for the company in a research note on Monday, March 30th. Cantor Fitzgerald lifted their target price on shares of Analog Devices from $400.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. TD Cowen upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Analog Devices in a research note on Wednesday, May 20th. Finally, Needham & Company LLC lifted their price target on shares of Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus price target of $432.71.

Insiders Place Their Bets

In other news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $398.11, for a total value of $563,723.76. Following the completion of the transaction, the director directly owned 118,759 shares of the company’s stock, valued at approximately $47,279,145.49. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 business’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 101,442 shares of company stock valued at $40,422,954. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Performance

Shares of ADI stock opened at $445.48 on Tuesday. The stock has a market capitalization of $216.99 billion, a PE ratio of 66.19, a PEG ratio of 1.22 and a beta of 1.18. The business’s 50 day simple moving average is $403.43 and its 200 day simple moving average is $342.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. Analog Devices, Inc. has a one year low of $218.37 and a one year high of $445.91.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the company earned $1.85 EPS. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current 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 issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

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.