Bank of Nova Scotia Has $66.34 Million Stock Position in Analog Devices, Inc. $ADI

Bank of Nova Scotia raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,012 shares of the semiconductor company’s stock after acquiring an additional 21,624 shares during the quarter. Bank of Nova Scotia owned about 0.05% of Analog Devices worth $66,342,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Howard Hughes Medical Institute acquired a new position in shares of Analog Devices in the second quarter valued at approximately $25,000. Clayton Financial Group LLC acquired a new stake in Analog Devices during the 3rd quarter worth approximately $31,000. Y.D. More Investments Ltd bought a new stake in Analog Devices in the 3rd quarter valued at $32,000. LFA Lugano Financial Advisors SA boosted its stake in Analog Devices by 92.9% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new position in Analog Devices in the 3rd quarter valued at $38,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $306.07 on Monday. 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 one year low of $158.65 and a one year high of $363.20. The company has a market cap of $149.42 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 1.41 and a beta of 1.00. The firm has a 50 day simple moving average of $320.42 and a 200 day simple moving average of $275.50.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping 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 analyst estimates of $3.10 billion. During the same period in the previous year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s dividend payout ratio (DPR) is 80.44%.

Wall Street Analysts Forecast Growth

ADI has been the topic of several recent research reports. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Jefferies Financial Group restated a “buy” rating and issued a $410.00 price target on shares of Analog Devices in a research note on Thursday, February 19th. Wells Fargo & Company raised their price target on shares of Analog Devices from $340.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Bank of America lifted their price objective on shares of Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald raised their target price on shares of Analog Devices from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $366.96.

Insider Activity

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $301.46, for a total value of $150,730.00. Following the transaction, the senior vice president directly owned 12,710 shares of the company’s stock, valued at approximately $3,831,556.60. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at approximately $13,828,444.16. The trade was a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 49,574 shares of company stock valued at $14,565,113. Corporate insiders own 0.36% of the company’s stock.

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.