Ground Swell Capital LLC Makes New Investment in Analog Devices, Inc. $ADI

Ground Swell Capital LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,823 shares of the semiconductor company’s stock, valued at approximately $1,913,000. Analog Devices makes up 4.5% of Ground Swell Capital LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. BlackRock Inc. acquired a new position in shares of Analog Devices during the 2nd quarter worth about $18,610,868,000. Bank of America Corp DE increased its holdings in shares of Analog Devices by 5.2% in the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after purchasing an additional 501,604 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares during the period. Amundi raised its stake in Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after purchasing an additional 254,632 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Analog Devices during the 2nd quarter valued at approximately $1,525,167,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Top Analog Devices Stories

Here are a few of the latest stories about ADI:

• Positive Sentiment: Roth Capital initiated coverage with a Buy rating and a $505 price target, citing Analog Devices’ growing content in AI infrastructure. Roth Capital Buy rating article
• Neutral Sentiment: An article reported fresh ETF buying in ADI, which may provide some demand support, while also raising the question of whether the stock is already expensive. ETF buying and valuation article
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, adding to near-term pressure. Zacks Research rating information

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the transaction, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at $45,830,692.40. The trade was a 7.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 52,436 shares of company stock valued at $20,681,906. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Down 2.8%

NASDAQ ADI traded down $11.32 on Friday, hitting $397.97. 3,114,598 shares of the stock were exchanged, compared to its average volume of 4,960,515. The company has a market cap of $192.84 billion, a PE ratio of 47.21, a PEG ratio of 0.99 and a beta of 1.24. The company has a 50-day moving average price of $394.80 and a 200-day moving average price of $375.87. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a fifty-two week low of $224.25 and a fifty-two week high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.92 billion. During the same period last year, the firm earned $2.05 earnings per share. Analog Devices’s quarterly 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. Sell-side analysts anticipate that Analog Devices, Inc. will post 12.88 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Wall Street Analyst Weigh In

ADI has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. BMO Capital Markets initiated coverage on shares of Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective on the stock in a report on Thursday, August 20th. Finally, Roth Capital assumed coverage on shares of Analog Devices in a research report on Friday. They set a “buy” rating and a $505.00 price objective for the company. Thirty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $461.85.

Analog Devices Company Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.