Pallas Capital Advisors LLC Buys New Holdings in Analog Devices, Inc. $ADI

Pallas Capital Advisors LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 4,112 shares of the semiconductor company’s stock, valued at approximately $1,633,000.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $2,215,516,000. Bank of New York Mellon Corp acquired a new position in shares of Analog Devices during the 2nd quarter worth approximately $1,326,066,000. Bank of America Corp DE increased its holdings in shares of Analog Devices by 42.8% during the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after acquiring an additional 2,912,666 shares during the last quarter. Amundi raised its stake in Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after acquiring an additional 1,922,302 shares during the period. Finally, Deutsche Bank AG bought a new stake in Analog Devices in the 2nd quarter valued at $671,459,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Raymond James Financial reissued an “outperform” rating and issued a $430.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Barclays raised their target price on shares of Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Citigroup lifted their target price on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Wolfe Research reissued an “outperform” rating and issued a $475.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $441.00.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director owned 120,175 shares in the company, valued at $48,169,745.25. This represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at $57,096,149.94. This represents a 17.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,274 shares of company stock valued at $42,247,986 in the last three months. 0.36% of the stock is owned by insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $390.28 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The stock’s fifty day moving average price is $390.93 and its two-hundred day moving average price is $369.88. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The firm has a market cap of $190.10 billion, a price-to-earnings ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company’s revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current year.

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.