Empowered Funds LLC Acquires 8,683 Shares of Analog Devices, Inc. $ADI

Empowered Funds LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 10.0% in the first quarter, HoldingsChannel.com reports. The fund owned 95,124 shares of the semiconductor company’s stock after acquiring an additional 8,683 shares during the period. Empowered Funds LLC’s holdings in Analog Devices were worth $30,263,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Analog Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after purchasing an additional 503,970 shares in the last quarter. State Street Corp lifted its position in shares of Analog Devices by 0.4% in the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after purchasing an additional 88,538 shares during the period. Morgan Stanley boosted its stake in shares of Analog Devices by 1.9% during the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after purchasing an additional 194,535 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Analog Devices by 42.8% during the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after purchasing an additional 2,912,666 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Analog Devices during the fourth quarter valued at about $2,215,516,000. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the sale, the director owned 11,019 shares in the company, valued at $4,295,536.77. The trade was a 8.32% decrease in their position. 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 have sold a total of 103,858 shares of company stock valued at $42,062,730 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. Bank of America increased their price target on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and set a $474.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Robert W. Baird upped their target price on Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Barclays increased their target price on Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Needham & Company LLC raised their target price on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two research 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $441.00.

Analog Devices Stock Up 0.0%

Shares of Analog Devices stock opened at $371.89 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The company has a 50-day moving average of $400.99 and a 200 day moving average of $361.79. The firm has a market cap of $181.14 billion, a price-to-earnings ratio of 55.26, a PEG ratio of 0.96 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.

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, 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 company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the company posted $1.85 EPS. Analog Devices’s revenue 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, sell-side analysts anticipate that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. 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.