North Star Asset Management Inc. Acquires Shares of 102,047 Analog Devices, Inc. $ADI

North Star Asset Management Inc. bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, HoldingsChannel.com reports. The firm bought 102,047 shares of the semiconductor company’s stock, valued at approximately $40,530,000. Analog Devices accounts for approximately 1.6% of North Star Asset Management Inc.’s portfolio, making the stock its 13th biggest position.

Several other hedge funds also recently made changes to their positions in ADI. Contravisory Investment Management Inc. bought a new position in Analog Devices during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Analog Devices during the 2nd quarter valued at $25,000. Dunhill Financial LLC bought a new stake in shares of Analog Devices during the 2nd quarter valued at $32,000. Quantbot Technologies LP acquired a new stake in shares of Analog Devices during the 2nd quarter worth $33,000. Finally, Caitlin John LLC acquired a new stake in shares of Analog Devices during the 2nd quarter worth $35,000. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADI has been the subject of several analyst reports. Wolfe Research restated an “outperform” rating and issued a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Truist Financial increased their price target on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Barclays lifted their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. TD Cowen restated a “buy” rating and set a $460.00 price objective on shares of Analog Devices in a research report on Thursday, August 20th. Finally, Jefferies Financial Group boosted their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $454.63.

Insider Activity

In related news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the transaction, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 47,957 shares of company stock worth $18,894,431. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Analog Devices stock opened at $374.52 on Friday. The business has a 50 day moving average of $384.22 and a 200-day moving average of $373.02. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The company has a market capitalization of $181.48 billion, a P/E ratio of 44.43, a P/E/G ratio of 0.76 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company earned $2.05 EPS. Analog Devices’s revenue for the quarter 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 research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

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

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.