Cullen Investment Group LTD. Grows Position in Analog Devices, Inc. $ADI

Cullen Investment Group LTD. boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 21.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,161 shares of the semiconductor company’s stock after acquiring an additional 6,233 shares during the period. Analog Devices accounts for 1.4% of Cullen Investment Group LTD.’s portfolio, making the stock its 16th largest holding. Cullen Investment Group LTD.’s holdings in Analog Devices were worth $10,580,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in Analog Devices in the 2nd quarter worth $25,000. Clayton Financial Group LLC purchased a new position in shares of Analog Devices during the third quarter valued at about $31,000. Y.D. More Investments Ltd bought a new stake in shares of Analog Devices in the third quarter worth about $32,000. LFA Lugano Financial Advisors SA increased its holdings in shares of Analog Devices by 92.9% in the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Analog Devices in the third quarter worth about $38,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Up 0.1%

Shares of NASDAQ ADI opened at $322.03 on Thursday. The business’s 50 day moving average is $323.57 and its two-hundred day moving average is $278.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $363.20. The stock has a market capitalization of $157.22 billion, a P/E ratio of 58.87, a PEG ratio of 1.48 and a beta of 1.00.

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

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a $1.10 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, March 3rd. Analog Devices’s dividend payout ratio is 80.44%.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. Bank of America increased their price target on Analog Devices from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Stifel Nicolaus set a $405.00 price objective on Analog Devices and gave the stock a “buy” rating in a report on Wednesday, February 18th. Wells Fargo & Company increased their target price on Analog Devices from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Citigroup restated a “buy” rating on shares of Analog Devices in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $366.96.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total value of $3,069,200.00. Following the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. This represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the completion of the sale, the director owned 123,821 shares of the company’s stock, valued at $39,288,403.30. This trade represents a 2.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,449 shares of company stock valued at $12,336,069 over the last three months. Corporate insiders own 0.36% of the company’s stock.

About Analog Devices

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.