Picton Mahoney Asset Management Has $19.14 Million Holdings in Analog Devices, Inc. $ADI

Picton Mahoney Asset Management increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 34.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 77,893 shares of the semiconductor company’s stock after purchasing an additional 19,981 shares during the period. Picton Mahoney Asset Management’s holdings in Analog Devices were worth $19,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC increased its stake in shares of Analog Devices by 2.4% during the 3rd quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 42 shares during the last quarter. Carson Advisory Inc. grew its holdings in Analog Devices by 3.1% during the third quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 43 shares during the period. Sivia Capital Partners LLC increased its position in Analog Devices by 2.5% during the third quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock worth $441,000 after buying an additional 44 shares during the last quarter. Klingman & Associates LLC raised its stake in Analog Devices by 3.7% in the third quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock valued at $313,000 after buying an additional 45 shares during the period. Finally, Keystone Financial Services lifted its position in shares of Analog Devices by 1.2% in the second quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock valued at $913,000 after buying an additional 46 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Down 3.8%

ADI stock opened at $338.99 on Wednesday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $363.20. The company has a market capitalization of $165.49 billion, a PE ratio of 61.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00. The company’s 50-day simple moving average is $313.25 and its 200 day simple moving average is $271.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.15. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The business’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date is Tuesday, March 3rd. Analog Devices’s dividend payout ratio is presently 72.39%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CAO Michael Sondel sold 4,199 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the transaction, the chief accounting officer owned 14,740 shares in the company, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the transaction, the director directly owned 123,821 shares of the company’s stock, valued at $39,288,403.30. This represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,743 shares of company stock valued at $16,836,340 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ADI. Bank of America boosted their target price on Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Citigroup reiterated a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Wells Fargo & Company increased their price objective on shares of Analog Devices from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Robert W. Baird set a $365.00 target price on shares of Analog Devices in a report on Thursday, February 19th. Finally, Cantor Fitzgerald upped their price target on shares of Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $366.96.

Analog Devices Company 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.