60,467 Analog Devices, Inc. $ADI Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 260.6% during the third quarter, Holdings Channel.com reports. The fund owned 83,671 shares of the semiconductor company’s stock after acquiring an additional 60,467 shares during the period. Kestra Advisory Services LLC’s holdings in Analog Devices were worth $33,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Analog Devices during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC bought a new position in shares of Analog Devices in the second quarter worth $25,000. Nvwm LLC raised its stake in Analog Devices by 590.0% in the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Dunhill Financial LLC acquired a new position in Analog Devices in the second quarter valued at about $32,000. Finally, Cornerstone Financial Management LLC lifted its position in Analog Devices by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 28 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $425.46, for a total transaction of $4,254,600.00. Following the transaction, the chief executive officer owned 125,670 shares of the company’s stock, valued at approximately $53,467,558.20. This represents a 7.37% 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. Insiders sold a total of 52,436 shares of company stock worth $20,681,906 in the last ninety days. Insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of ADI stock traded up $2.55 on Friday, hitting $363.56. 6,867,790 shares of the company’s stock were exchanged, compared to its average volume of 3,836,119. The company has a 50 day moving average of $390.52 and a 200 day moving average of $373.48. The stock has a market cap of $176.17 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. 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, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid 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 was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ADI shares. TD Cowen increased their price objective on shares of Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. Evercore dropped their target price on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Needham & Company LLC upped their price target on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average price target of $460.55.

About Analog Devices

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.