QRG Capital Management Inc. Increases Stake in Analog Devices, Inc. $ADI

QRG Capital Management Inc. lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 76,317 shares of the semiconductor company’s stock after purchasing an additional 4,662 shares during the period. QRG Capital Management Inc.’s holdings in Analog Devices were worth $20,697,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. TCI Wealth Advisors Inc. bought a new position in shares of Analog Devices in the fourth quarter worth about $203,000. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Analog Devices by 42.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,266 shares of the semiconductor company’s stock worth $615,000 after purchasing an additional 673 shares during the last quarter. Bellecapital International Ltd. grew its holdings in shares of Analog Devices by 4.6% in the fourth quarter. Bellecapital International Ltd. now owns 907 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 40 shares during the last quarter. Avidian Wealth Enterprises LLC grew its holdings in shares of Analog Devices by 6.1% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,714 shares of the semiconductor company’s stock worth $465,000 after purchasing an additional 99 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC grew its holdings in shares of Analog Devices by 2.8% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 2,340 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 63 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the transaction, the chief accounting officer directly owned 14,740 shares of the company’s stock, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total transaction of $991,562.50. Following the completion of the transaction, the director directly owned 123,821 shares of the company’s stock, valued at $39,288,403.30. The trade was a 2.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,324 shares of company stock valued at $9,667,985 in the last three months. 0.36% of the stock is owned by insiders.

Analog Devices Stock Performance

ADI stock opened at $397.02 on Tuesday. The firm has a market cap of $193.83 billion, a price-to-earnings ratio of 72.58, a PEG ratio of 1.60 and a beta of 1.19. The firm has a 50-day simple moving average of $341.55 and a two-hundred day simple moving average of $299.32. Analog Devices, Inc. has a one year low of $194.26 and a one year high of $408.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.31 by $0.15. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. Analog Devices’s revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 11.35 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s payout ratio is 80.44%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Piper Sandler upped their price target on shares of Analog Devices from $250.00 to $360.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Susquehanna upped their price target on shares of Analog Devices from $360.00 to $400.00 and gave the stock a “positive” rating in a report on Thursday, February 19th. The Goldman Sachs Group upped their price target on shares of Analog Devices from $300.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Cantor Fitzgerald upped their price target on shares of Analog Devices from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Robert W. Baird set a $365.00 target price on shares of Analog Devices in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $370.69.

Analog Devices Company 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.