Ferguson Wellman Capital Management Inc. Has $54.92 Million Holdings in Analog Devices, Inc. $ADI

Ferguson Wellman Capital Management Inc. boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 19.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 138,288 shares of the semiconductor company’s stock after acquiring an additional 22,424 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Analog Devices were worth $54,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. bought a new stake in Analog Devices during the second quarter worth $25,000. Manning & Napier Advisors LLC purchased a new stake in Analog Devices in the 2nd quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices in the 4th quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices during the 4th quarter worth $27,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the stock in a transaction 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 transaction, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This trade represents a 4.72% 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 sold 48,957 shares of company stock valued at $19,268,931 in the last quarter. Insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

ADI opened at $361.78 on Friday. The firm has a market cap of $175.31 billion, a P/E ratio of 42.92, a PEG ratio of 0.76 and a beta of 1.20. The firm has a 50-day moving average of $382.77 and a 200 day moving average of $372.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio is presently 52.19%.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Wells Fargo & Company cut their price target 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. Needham & Company LLC increased their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Raymond James Financial reissued an “outperform” rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Morgan Stanley upped their target price on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $454.63.

Analog Devices 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.