Alpine Global Management LLC Buys New Position in Analog Devices, Inc. $ADI

Alpine Global Management LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,914 shares of the semiconductor company’s stock, valued at approximately $470,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Analog Devices in the 2nd quarter worth approximately $1,803,377,000. Amundi lifted its stake in shares of Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after purchasing an additional 1,922,302 shares during the period. Raymond James Financial Inc. boosted its holdings 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 worth $1,186,714,000 after purchasing an additional 1,091,004 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Analog Devices by 948.2% during the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock worth $258,487,000 after purchasing an additional 982,385 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Analog Devices by 47.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock valued at $653,599,000 after purchasing an additional 882,909 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of the stock in a transaction dated Wednesday, February 25th. The stock was 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 owned 14,740 shares of the company’s stock, valued at approximately $5,321,434.80. This represents a 22.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the sale, the director owned 123,821 shares of the company’s stock, 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. In the last 90 days, insiders sold 41,449 shares of company stock valued at $12,336,069. Company insiders own 0.36% of the company’s stock.

Analog Devices Trading Up 0.9%

NASDAQ ADI opened at $313.66 on Wednesday. The stock has a market cap of $153.13 billion, a P/E ratio of 57.34, a PEG ratio of 1.43 and a beta of 1.00. The company’s fifty day simple moving average is $321.51 and its 200-day simple moving average is $276.34. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $363.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share 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 business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned $1.63 EPS. The business’s revenue was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Equities research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on ADI. Cantor Fitzgerald upped their target price on Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group raised their price target on Analog Devices from $300.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. KeyCorp lifted their price target on Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Morgan Stanley reiterated an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a report on Thursday, February 19th. Finally, Truist Financial raised their target price on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $366.96.

Analog Devices Company 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.