Cullen Investment Group LTD. Purchases 6,233 Shares of Analog Devices, Inc. $ADI

Cullen Investment Group LTD. raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,161 shares of the semiconductor company’s stock after acquiring an additional 6,233 shares during the quarter. Analog Devices makes up 1.4% of Cullen Investment Group LTD.’s portfolio, making the stock its 16th biggest holding. Cullen Investment Group LTD.’s holdings in Analog Devices were worth $10,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Analog Devices by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 50,389,306 shares of the semiconductor company’s stock valued at $12,380,652,000 after purchasing an additional 162,075 shares during the last quarter. State Street Corp lifted its stake in shares of Analog Devices by 0.4% in the 3rd quarter. State Street Corp now owns 23,399,046 shares of the semiconductor company’s stock worth $5,749,146,000 after purchasing an additional 81,790 shares during the period. Norges Bank purchased a new position in shares of Analog Devices in the second quarter worth approximately $1,803,377,000. Ameriprise Financial Inc. boosted 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 buying an additional 375,207 shares during the last quarter. Finally, Amundi grew its position in Analog Devices by 44.8% during the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after buying an additional 1,922,302 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $322.03 on Thursday. 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 company has a market capitalization of $157.22 billion, a P/E ratio of 58.87, a P/E/G ratio of 1.48 and a beta of 1.00. The firm’s 50 day simple moving average is $323.57 and its two-hundred day simple moving average is $278.93.

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

Analog Devices Increases Dividend

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

Insider Buying and Selling at Analog Devices

In other Analog Devices news, 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 sale, the director directly owned 123,821 shares of the company’s stock, valued at $39,288,403.30. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 155,688 shares in the company, valued at $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 41,449 shares of company stock valued at $12,336,069. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of Analog Devices from $300.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Truist Financial boosted their price objective on shares of Analog Devices from $291.00 to $364.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Morgan Stanley restated an “overweight” rating and issued a $373.00 price objective on shares of Analog Devices in a research note on Thursday, February 19th. Citigroup reaffirmed a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Finally, Cantor Fitzgerald lifted their target price on Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Three investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $366.96.

Analog Devices Profile

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.