Envestnet Portfolio Solutions Inc. Purchases 3,096 Shares of Analog Devices, Inc. $ADI

Envestnet Portfolio Solutions Inc. boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,006 shares of the semiconductor company’s stock after purchasing an additional 3,096 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Analog Devices were worth $22,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices in the 2nd quarter valued at $25,000. Dunhill Financial LLC bought a new position in Analog Devices in the 2nd quarter valued at $32,000. Cornerstone Financial Management LLC increased its stake in Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 28 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Analog Devices in the second quarter worth $33,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $374.50, for a total transaction of $374,500.00. Following the sale, the director owned 10,019 shares of the company’s stock, valued at $3,752,115.50. This trade represents a 9.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares in the company, valued at $49,926,294. This trade represents a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 41,931 shares of company stock valued at $15,560,832. 0.36% of the stock is owned by insiders.

Analog Devices Stock Down 1.3%

Shares of ADI traded down $5.14 during midday trading on Wednesday, reaching $385.23. 3,203,995 shares of the stock were exchanged, compared to its average volume of 4,134,958. 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 company’s 50 day moving average is $372.63 and its two-hundred day moving average is $375.77. The company has a market capitalization of $186.67 billion, a P/E ratio of 45.70, a PEG ratio of 1.18 and a beta of 1.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADI. Stifel Nicolaus boosted their target price on shares of Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research note on Thursday, August 20th. KeyCorp lifted their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, TD Cowen restated a “buy” rating and issued a $460.00 target price on shares of Analog Devices in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $457.97.

Analog Devices 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.