Centaurus Financial Inc. Acquires Shares of 2,861 Analog Devices, Inc. $ADI

Centaurus Financial Inc. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, Holdings Channel reports. The institutional investor bought 2,861 shares of the semiconductor company’s stock, valued at approximately $1,136,000.

Several other hedge funds have also made changes to their positions in ADI. Banque Transatlantique SA purchased a new stake in Analog Devices during the 4th quarter valued at approximately $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in shares of Analog Devices in the 2nd quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

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

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating 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 company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $2.05 EPS. Analog Devices’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADI. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Morgan Stanley upped their target price on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 price target on shares of Analog Devices in a research report on Monday, August 17th. Fundamental Research set a $550.00 price target on Analog Devices in a report on Monday, June 29th. Finally, Jefferies Financial Group upped their price objective on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Two equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $454.63.

Insider Transactions at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the stock in a transaction dated 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 directly owned 11,019 shares in the company, valued at $4,295,536.77. This represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the firm’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 completion of the sale, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. This represents a 1.18% 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 47,957 shares of company stock valued at $18,894,431. Corporate insiders own 0.36% of the company’s stock.

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.