HB Wealth Management LLC Raises Position in Analog Devices, Inc. $ADI

HB Wealth Management LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,479 shares of the semiconductor company’s stock after buying an additional 2,474 shares during the period. HB Wealth Management LLC’s holdings in Analog Devices were worth $5,879,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ADI. Banque Transatlantique SA purchased a new position in shares of Analog Devices in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices in the fourth quarter worth approximately $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices during the fourth quarter worth approximately $27,000. Entrust Financial LLC acquired a new position in Analog Devices in the 4th quarter valued at $33,000. Finally, Albion Financial Group UT raised its stake in Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 36 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76. Following the completion of the sale, the director directly owned 118,759 shares in the company, valued at approximately $47,279,145.49. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the transaction, the director directly owned 12,019 shares in the company, valued at $4,951,227.05. This trade represents a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 91,442 shares of company stock worth $37,241,554. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of a number of research reports. Barclays raised their price objective on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wells Fargo & Company increased their target price on shares of Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Robert W. Baird raised their price target on shares of Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Sanford C. Bernstein restated a “market perform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Fundamental Research set a $550.00 price target on shares of Analog Devices in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $439.79.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $377.16 on Friday. The business’s 50 day moving average price is $409.39 and its 200 day moving average price is $349.25. The company has a market cap of $183.71 billion, a price-to-earnings ratio of 56.04, a PEG ratio of 1.06 and a beta of 1.18. 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 $218.37 and a one year high of $445.91.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is currently 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.