Analog Devices, Inc. $ADI Shares Purchased by MBL Wealth LLC

MBL Wealth LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 305.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,762 shares of the semiconductor company’s stock after buying an additional 2,081 shares during the period. MBL Wealth LLC’s holdings in Analog Devices were worth $1,096,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Analog Devices in the second quarter valued at about $18,610,868,000. Bank of America Corp DE bought a new position in Analog Devices during the second quarter worth about $3,573,081,000. Legal & General Group Plc acquired a new stake in Analog Devices in the 2nd quarter worth about $1,525,167,000. Bank of New York Mellon Corp acquired a new stake in Analog Devices in the 2nd quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA bought a new stake in Analog Devices in the 2nd quarter valued at about $1,242,479,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. JPMorgan Chase & Co. boosted their price target on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Morgan Stanley increased their price target on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Arete Research increased their price target on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, TD Cowen raised their price objective on Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Analog Devices Stock Performance

NASDAQ ADI opened at $391.07 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $189.50 billion, a price-to-earnings ratio of 46.39, a P/E/G ratio of 1.19 and a beta of 1.22. The firm’s 50 day simple moving average is $383.75 and its 200 day simple moving average is $389.29. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data 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. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm posted $2.05 earnings per share. The firm’s quarterly revenue 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, research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.

Insider Buying and Selling at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Katsufumi Nakamura sold 1,200 shares of Analog Devices stock in a transaction dated 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 approximately $6,162,631.98. This represents a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,436 shares of company stock worth $20,014,954 over the last quarter. 0.36% of the stock is currently owned by company insiders.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.