Bank of New York Mellon Corp Raises Holdings in Analog Devices, Inc. $ADI

Bank of New York Mellon Corp increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 16.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,446,236 shares of the semiconductor company’s stock after purchasing an additional 493,116 shares during the period. Bank of New York Mellon Corp’s holdings in Analog Devices were worth $934,619,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Analog Devices by 247.3% during the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after buying an additional 249,702 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Analog Devices by 18.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company’s stock valued at $5,094,000 after acquiring an additional 3,286 shares during the period. HF Advisory Group LLC raised its stake in Analog Devices by 661.6% during the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock valued at $13,477,000 after acquiring an additional 43,168 shares during the last quarter. Jones Kertz & Associates Inc. acquired a new stake in Analog Devices during the 4th quarter worth approximately $1,480,000. Finally, MGO One Seven LLC lifted its position in Analog Devices by 17.7% during the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock worth $12,352,000 after acquiring an additional 6,846 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Barclays lifted their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. TD Cowen upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Stifel Nicolaus boosted their price target on shares of Analog Devices from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $432.71.

Insider Activity

In other news, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 80,000 shares of company stock worth $31,519,000. 0.36% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $437.67 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a one year low of $217.02 and a one year high of $439.70. The firm has a market capitalization of $213.18 billion, a P/E ratio of 65.03, a PEG ratio of 1.19 and a beta of 1.18. The company’s fifty day moving average is $378.66 and its two-hundred day moving average is $326.65.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the firm posted $1.85 EPS. The business’s revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

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.