Canoe Financial LP Sells 5,303 Shares of Analog Devices, Inc. $ADI

Canoe Financial LP lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 639,062 shares of the semiconductor company’s stock after selling 5,303 shares during the quarter. Analog Devices comprises about 2.4% of Canoe Financial LP’s investment portfolio, making the stock its 11th largest position. Canoe Financial LP owned 0.13% of Analog Devices worth $173,314,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Howard Hughes Medical Institute acquired a new position in Analog Devices during the 2nd quarter worth about $25,000. Clayton Financial Group LLC acquired a new stake in Analog Devices in the 3rd quarter valued at about $31,000. Y.D. More Investments Ltd acquired a new stake in Analog Devices in the 3rd quarter valued at about $32,000. LFA Lugano Financial Advisors SA raised its stake 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 acquiring an additional 65 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in shares of Analog Devices in the third quarter worth about $38,000. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Martin Cotter sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the transaction, the senior vice president owned 49,664 shares in the company, valued at approximately $13,828,444.16. This trade represents a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,449 shares of company stock valued at $12,336,069 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Analog Devices Trading Down 1.9%

ADI opened at $307.44 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. The company has a market cap of $150.09 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The firm 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 fifty-two week low of $158.65 and a fifty-two week high of $363.20.

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, beating analysts’ consensus estimates of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm earned $1.63 earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased 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. UBS Group boosted their price objective on shares of Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Oppenheimer reaffirmed an “outperform” rating and set a $400.00 price objective (up from $350.00) on shares of Analog Devices in a report on Thursday, February 19th. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Finally, Benchmark boosted their target price on Analog Devices from $285.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.