Exchange Traded Concepts LLC Purchases 9,161 Shares of Analog Devices, Inc. $ADI

Exchange Traded Concepts LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,567 shares of the semiconductor company’s stock after acquiring an additional 9,161 shares during the period. Exchange Traded Concepts LLC’s holdings in Analog Devices were worth $16,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Chemung Canal Trust Co. raised its position in Analog Devices by 2.6% during the fourth quarter. Chemung Canal Trust Co. now owns 14,111 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 355 shares in the last quarter. Petros Family Wealth LLC lifted its stake in Analog Devices by 37.9% during the fourth quarter. Petros Family Wealth LLC now owns 4,834 shares of the semiconductor company’s stock worth $1,311,000 after purchasing an additional 1,329 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of Analog Devices by 10.2% in the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,756 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 163 shares in the last quarter. Accurate Wealth Management LLC increased its stake in shares of Analog Devices by 40.2% in the 4th quarter. Accurate Wealth Management LLC now owns 2,406 shares of the semiconductor company’s stock valued at $724,000 after purchasing an additional 690 shares during the last quarter. Finally, Net Worth Advisory Group increased its stake in shares of Analog Devices by 2.9% in the 4th quarter. Net Worth Advisory Group now owns 3,233 shares of the semiconductor company’s stock valued at $877,000 after purchasing an additional 91 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ADI shares. Bank of America raised their price objective on Analog Devices from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Piper Sandler lifted their price target on shares of Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Cantor Fitzgerald upped their price target 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-four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $366.96.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the transaction, the chief executive officer owned 155,688 shares of the company’s stock, valued at $47,783,760.96. This trade represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction on Monday, January 5th. The shares were 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 in the company, valued at $13,828,444.16. This trade represents a 16.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,449 shares of company stock valued at $12,336,069 over the last three months. Insiders own 0.36% of the company’s stock.

Analog Devices Trading Down 1.9%

Shares of NASDAQ ADI opened at $307.44 on Friday. The firm has a 50 day moving average price of $323.94 and a two-hundred day moving average price of $279.79. The stock has a market cap of $150.09 billion, a P/E ratio of 56.20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $363.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.15. The company had revenue of $3.16 billion for 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%. Analog Devices’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

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

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.