Empowered Funds LLC Invests $33.01 Million in Analog Devices, Inc. $ADI

Empowered Funds LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 83,101 shares of the semiconductor company’s stock, valued at approximately $33,005,000.

Other institutional investors have also recently bought and sold shares of the company. Riverbend Wealth Management LLC raised its stake in Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 27 shares during the period. Bridgewater Advisors Inc. grew its stake in shares of Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after buying an additional 27 shares during the period. Silicon Valley Capital Partners grew its stake in shares of Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 27 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Analog Devices by 12.0% during the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after buying an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. increased its holdings in shares of Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after buying an additional 32 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the sale, the director owned 11,019 shares of the company’s stock, valued at $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 of the company’s stock, valued at $48,169,745.25. This trade represents a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 47,957 shares of company stock worth $18,894,431 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays lifted their target price on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Jefferies Financial Group raised their price objective on Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and issued a $474.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. TD Cowen reiterated a “buy” rating and set a $460.00 target price on shares of Analog Devices in a report on Thursday, August 20th. Finally, Oppenheimer increased their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $454.63.

Analog Devices Stock Up 0.7%

Shares of Analog Devices stock opened at $374.52 on Friday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The stock has a market cap of $181.48 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. 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 has a fifty day moving average price of $384.22 and a 200 day moving average price of $373.02.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company posted $2.05 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. 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 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.