Canoe Financial LP Has $173.31 Million Stock Holdings in Analog Devices, Inc. $ADI

Canoe Financial LP decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 639,062 shares of the semiconductor company’s stock after selling 5,303 shares during the period. Analog Devices comprises approximately 2.4% of Canoe Financial LP’s portfolio, making the stock its 11th largest position. Canoe Financial LP’s holdings in Analog Devices were worth $173,314,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Analog Devices by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 50,389,306 shares of the semiconductor company’s stock worth $12,380,652,000 after buying an additional 162,075 shares during the period. State Street Corp grew its stake in Analog Devices by 0.4% in the third quarter. State Street Corp now owns 23,399,046 shares of the semiconductor company’s stock valued at $5,749,146,000 after acquiring an additional 81,790 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Analog Devices by 6.3% in the second quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after acquiring an additional 375,207 shares in the last quarter. Amundi increased its holdings in shares of Analog Devices by 44.8% in the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after acquiring an additional 1,922,302 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Analog Devices by 10.1% during the third quarter. Van ECK Associates Corp now owns 5,886,294 shares of the semiconductor company’s stock worth $1,446,262,000 after purchasing an additional 541,760 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total transaction of $991,562.50. Following the sale, the director directly owned 123,821 shares of the company’s stock, valued at $39,288,403.30. The trade was a 2.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Martin Cotter sold 10,000 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the transaction, the senior vice president owned 49,664 shares of the company’s stock, valued at approximately $13,828,444.16. This represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,449 shares of company stock valued at $12,336,069 in the last three months. 0.36% of the stock is currently owned by insiders.

Analog Devices Stock Down 1.9%

NASDAQ:ADI opened at $307.44 on Friday. The stock has a 50-day simple moving average of $323.94 and a 200 day simple moving average of $279.79. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $363.20. The company has a market cap of $150.09 billion, a PE ratio of 56.20, a PEG ratio of 1.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.31 by $0.15. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, sell-side analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a yield of 1.4%. Analog Devices’s dividend payout ratio is currently 80.44%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADI. Stifel Nicolaus set a $405.00 price objective on Analog Devices and gave the company a “buy” rating in a report on Wednesday, February 18th. TD Cowen restated a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Barclays lifted their price target on shares of Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Cantor Fitzgerald upped their price target on shares of Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Finally, Evercore reissued an “outperform” rating and set a $387.00 price objective on shares of Analog Devices in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $366.96.

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.