Caprock Group LLC Raises Stake in Analog Devices, Inc. $ADI

Caprock Group LLC grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,633 shares of the semiconductor company’s stock after purchasing an additional 1,369 shares during the quarter. Caprock Group LLC’s holdings in Analog Devices were worth $5,054,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Analog Devices by 0.3% during the third 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 period. State Street Corp boosted its stake in shares of Analog Devices by 0.4% during 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 purchasing an additional 81,790 shares during the period. Amundi boosted its stake in shares of 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 purchasing an additional 1,922,302 shares during the period. Van ECK Associates Corp boosted its stake 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 valued at $1,446,262,000 after purchasing an additional 541,760 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of Analog Devices by 29.2% during the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after purchasing an additional 1,091,004 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ADI shares. Jefferies Financial Group reissued a “buy” rating and set a $410.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Evercore reissued an “outperform” rating and set a $387.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Oppenheimer restated an “outperform” rating and issued a $400.00 price objective (up from $350.00) on shares of Analog Devices in a report on Thursday, February 19th. Wells Fargo & Company lifted their price objective on Analog Devices from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Cantor Fitzgerald lifted their price objective on Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.69.

Insiders Place Their Bets

In other Analog Devices news, CAO Michael Sondel sold 4,199 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the transaction, the chief accounting officer directly owned 14,740 shares in the company, valued at approximately $5,321,434.80. The trade was a 22.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ray Stata sold 3,125 shares of the company’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 transaction, the director owned 123,821 shares in the company, valued at approximately $39,288,403.30. This trade represents a 2.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,324 shares of company stock worth $8,758,085. 0.36% of the stock is owned by corporate insiders.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $381.42 on Thursday. The company has a market capitalization of $186.21 billion, a PE ratio of 69.73, a P/E/G ratio of 1.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. The company has a 50-day simple moving average of $334.83 and a two-hundred day simple moving average of $292.16. Analog Devices, Inc. has a one year low of $182.48 and a one year high of $385.46.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.15. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous 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 11.38 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were issued a $1.10 dividend. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, March 3rd. Analog Devices’s dividend payout ratio is presently 80.44%.

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.