Analog Devices, Inc. $ADI Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC raised its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 15.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,479 shares of the semiconductor company’s stock after purchasing an additional 2,474 shares during the quarter. HB Wealth Management LLC’s holdings in Analog Devices were worth $5,879,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ADI. Banque Transatlantique SA acquired a new stake in shares of Analog Devices during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices in the 4th quarter valued at about $26,000. Gordian Capital Singapore Pte Ltd acquired a new position in Analog Devices in the fourth quarter valued at about $27,000. Albion Financial Group UT lifted its position in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 36 shares during the last quarter. Finally, Entrust Financial LLC purchased a new position in Analog Devices during the fourth quarter worth about $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the transaction, the director directly owned 12,019 shares of the company’s stock, valued at approximately $4,951,227.05. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the company’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 transaction of $573,988.56. Following the sale, the director owned 120,175 shares in the company, valued at $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. 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 quarter, insiders have sold 91,442 shares of company stock worth $37,241,554. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADI. KeyCorp lifted their price target on shares of Analog Devices from $430.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Robert W. Baird upped their price objective on shares of Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Stifel Nicolaus increased their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Wells Fargo & Company lifted their target price on shares of Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, Truist Financial boosted their target price on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.79.

Analog Devices Stock Performance

NASDAQ:ADI opened at $377.16 on Friday. Analog Devices, Inc. has a 52 week low of $218.37 and a 52 week high of $445.91. The company has a fifty day simple moving average of $409.39 and a two-hundred day simple moving average of $349.25. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The company has a market cap of $183.71 billion, a price-to-earnings ratio of 56.04, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last released its 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 return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the business posted $1.85 earnings per share. Analog Devices’s revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.10 dividend. 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%.

About Analog Devices

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.