Commonwealth Equity Services LLC Buys 21,696 Shares of Analog Devices, Inc. $ADI

Commonwealth Equity Services LLC raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 266,136 shares of the semiconductor company’s stock after purchasing an additional 21,696 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Analog Devices were worth $105,579,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ADI. Contravisory Investment Management Inc. bought a new stake in shares of Analog Devices in the second quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices during the second quarter valued at about $25,000. Nvwm LLC increased its stake in Analog Devices by 590.0% during the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 59 shares during the period. Dunhill Financial LLC acquired a new position in Analog Devices in the 2nd quarter valued at approximately $32,000. Finally, Cornerstone Financial Management LLC raised its holdings in Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the topic of several recent research reports. TD Cowen lifted their price objective on Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, October 19th. KeyCorp raised their target price on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Robert W. Baird lifted their price target on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Morgan Stanley boosted their price target on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Evercore decreased their target price on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Stock Up 0.7%

Shares of NASDAQ ADI opened at $363.56 on Friday. The stock has a market cap of $176.17 billion, a PE ratio of 43.13, a PEG ratio of 1.00 and a beta of 1.24. The business has a fifty day moving average of $390.52 and a two-hundred day moving average of $373.48. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. 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 (NASDAQ:ADI) last issued its earnings results 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 net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.

Insider Buying and Selling at Analog Devices

In related news, insider Katsufumi Nakamura sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total value of $498,024.00. Following the completion of the transaction, the insider owned 14,849 shares in the company, valued at $6,162,631.98. The trade was a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $407.28, for a total value of $576,708.48. Following the transaction, the director directly owned 106,015 shares in the company, valued at $43,177,789.20. This trade represents a 1.32% 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 52,436 shares of company stock valued at $20,681,906 over the last three months. Insiders own 0.36% of the company’s stock.

Analog Devices 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.