Analog Devices, Inc. $ADI Stock Bought by Professional Advisory Services Inc.

by · The Markets Daily

Professional Advisory Services Inc. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 19.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,864 shares of the semiconductor company’s stock after purchasing an additional 10,581 shares during the period. Analog Devices accounts for approximately 3.1% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 16th biggest position. Professional Advisory Services Inc.’s holdings in Analog Devices were worth $26,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new position in Analog Devices during the second quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new stake in Analog Devices in the second quarter valued at $25,000. Dunhill Financial LLC acquired a new position in Analog Devices in the second quarter valued at about $32,000. Cornerstone Financial Management LLC lifted its holdings in shares of Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 28 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Analog Devices during the second quarter worth $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Wells Fargo & Company lowered their target price on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. BMO Capital Markets assumed coverage on Analog Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock. Piper Sandler set a $460.00 price objective on Analog Devices in a research note on Tuesday, September 8th. Finally, KeyCorp upped their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $460.09.

Read Our Latest Research Report on Analog Devices

Insider Buying and Selling at Analog Devices

In related news, insider Vivek Jain sold 2,000 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $416.98, for a total value of $833,960.00. Following the completion of the sale, the insider owned 45,733 shares in the company, valued at $19,069,746.34. This represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the sale, the chief executive officer owned 134,660 shares of the company’s stock, valued at $47,983,397.80. This trade represents a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 46,631 shares of company stock valued at $17,657,267. Insiders own 0.36% of the company’s stock.

Trending Headlines about Analog Devices

Here are the key news stories impacting Analog Devices this week:

  • Positive Sentiment: Analysts remain constructive. Bank of America identified ADI among the strongest analog semiconductor performers. The stock maintains a “Moderate Buy” consensus rating, with an average price target of approximately $460, above recent trading levels. Analog Devices, STMicro and TI seen as strongest analog performers: BofA
  • Positive Sentiment: New customer and industry applications support growth prospects. Lekha Wireless is integrating ADI radio technology into 5G and 4G products. Separately, ADI is collaborating with Moët Hennessy and UC Davis on AI-enabled chemical-signature detection for wine production. These projects are strategically positive, although they are unlikely to materially affect near-term earnings. Lekha Wireless to integrate Analog Devices radio technology
  • Neutral Sentiment: Fundamentals remain strong, but expectations are high. ADI’s latest quarter exceeded earnings and revenue estimates, while revenue increased 39.2% year over year. However, a valuation near 49 times earnings leaves the shares vulnerable to profit-taking if growth slows or guidance disappoints.
  • Negative Sentiment: Recent insider selling is weighing on sentiment. CFO Richard Puccio sold 1,500 shares for about $632,000, and Director Ray Stata sold 1,416 shares for approximately $595,000. The transactions were made under pre-arranged Rule 10b5-1 plans and the executives retain substantial holdings, reducing their significance as a fundamental warning. Nevertheless, multiple recent insider sales can pressure the stock in the short term. Analog Devices SEC insider transaction filing

Analog Devices Stock Down 1.0%

Analog Devices stock traded down $4.15 during midday trading on Thursday, reaching $405.93. The company’s stock had a trading volume of 3,703,405 shares, compared to its average volume of 4,050,445. The business has a 50-day simple moving average of $379.24 and a 200-day simple moving average of $383.23. The company has a market cap of $196.70 billion, a P/E ratio of 48.15, a P/E/G ratio of 1.30 and a beta of 1.22. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI – Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company’s revenue was up 39.2% on a year-over-year basis. During the same period last year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

Analog Devices Company Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.

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