Texas Capital Bank Wealth Management Services Inc Acquires Shares of 1,105 Analog Devices, Inc. $ADI

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,105 shares of the semiconductor company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hemington Wealth Management increased its stake in Analog Devices by 11.4% during the 1st quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 55 shares in the last quarter. Continuum Advisory LLC increased its stake in Analog Devices by 14.8% during the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 57 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Analog Devices by 0.4% during the 1st quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company’s stock valued at $2,929,000 after purchasing an additional 58 shares in the last quarter. Alps Advisors Inc. increased its stake in Analog Devices by 1.1% during the 1st quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company’s stock valued at $1,147,000 after purchasing an additional 60 shares in the last quarter. Finally, Sfmg LLC increased its stake in Analog Devices by 2.7% during the 1st quarter. Sfmg LLC now owns 2,301 shares of the semiconductor company’s stock valued at $464,000 after purchasing an additional 60 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares of the company’s stock, valued at approximately $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Analog Devices in a report on Friday, May 23rd. Benchmark reaffirmed a “buy” rating and set a $260.00 price target (down previously from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. KeyCorp raised their price target on shares of Analog Devices from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Evercore ISI raised their price target on shares of Analog Devices from $231.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Finally, Cantor Fitzgerald raised shares of Analog Devices from a “neutral” rating to an “overweight” rating and raised their price target for the company from $250.00 to $270.00 in a report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.89.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $230.44 on Wednesday. The firm’s 50 day moving average price is $233.72 and its 200-day moving average price is $216.55. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.73. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $114.36 billion, a PE ratio of 62.79, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. Analog Devices has set its Q3 2025 guidance at 1.820-2.020 EPS. Equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.