Analog Devices, Inc. $ADI Shares Purchased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,023 shares of the semiconductor company’s stock after buying an additional 354 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Analog Devices were worth $5,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 529 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Analog Devices by 1.1% during the 1st quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company’s stock worth $1,147,000 after buying an additional 60 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Analog Devices by 5.1% in the 1st quarter. Cerity Partners LLC now owns 260,460 shares of the semiconductor company’s stock worth $52,527,000 after buying an additional 12,537 shares in the last quarter. Kesler Norman & Wride LLC grew its stake in Analog Devices by 2.3% in the 1st quarter. Kesler Norman & Wride LLC now owns 35,927 shares of the semiconductor company’s stock valued at $7,246,000 after acquiring an additional 798 shares during the last quarter. Finally, Cromwell Holdings LLC grew its stake in Analog Devices by 11.3% in the 1st quarter. Cromwell Holdings LLC now owns 1,541 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 157 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Down 1.9%

Shares of ADI stock opened at $228.48 on Friday. The firm’s 50-day simple moving average is $241.70 and its 200-day simple moving average is $231.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The firm has a market cap of $112.40 billion, a P/E ratio of 58.29, a PEG ratio of 1.98 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is 101.02%.

Insider Transactions at Analog Devices

In other news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares of the company’s stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vincent Roche sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the sale, the chief executive officer directly owned 23,515 shares of the company’s stock, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,240 shares of company stock valued at $15,301,891 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADI shares. JPMorgan Chase & Co. lifted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Morgan Stanley increased their target price on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. KeyCorp raised their price target on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Finally, Benchmark boosted their target price on shares of Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $277.89.

About Analog Devices

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.