Cidel Asset Management Inc. Has $2.91 Million Holdings in Analog Devices, Inc. $ADI

Cidel Asset Management Inc. grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 45.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,331 shares of the semiconductor company’s stock after buying an additional 2,276 shares during the quarter. Cidel Asset Management Inc.’s holdings in Analog Devices were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of ADI. Riverbend Wealth Management LLC boosted its stake in shares of Analog Devices by 2.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 27 shares in the last quarter. Bridgewater Advisors Inc. boosted its position in shares of Analog Devices by 1.5% in the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 27 shares during the period. Silicon Valley Capital Partners boosted its holdings in Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 27 shares during the period. Cornerstone Financial Management LLC lifted its stake in shares of Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 28 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Analog Devices by 12.0% during the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other Analog Devices news, CFO Richard Puccio, Jr. sold 2,683 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the completion of the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. This represents a 9.08% 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 sold 38,515 shares of company stock valued at $14,340,227. 0.36% of the stock is owned by company insiders.

Analog Devices Stock Up 0.3%

Shares of ADI stock opened at $363.20 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $375.90 and its two-hundred day moving average price is $374.46. The firm has a market capitalization of $175.99 billion, a P/E ratio of 43.08, a PEG ratio of 1.12 and a beta of 1.20. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $2.05 earnings per share. The business’s revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ADI shares. Robert W. Baird upped their target price on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. TD Cowen reiterated a “buy” rating and set a $460.00 price target on shares of Analog Devices in a research report on Tuesday. BMO Capital Markets assumed coverage on shares of Analog Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price objective for the company. Raymond James Financial reiterated an “outperform” rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Needham & Company LLC raised their price target on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $457.97.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.