Westpac Banking Corp bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,271 shares of the semiconductor company's stock, valued at approximately $12,817,000. Analog Devices accounts for approximately 0.8% of Westpac Banking Corp's portfolio, making the stock its 22nd biggest holding.

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Several other institutional investors also recently made changes to their positions in the stock. Banque Transatlantique SA acquired a new stake in shares of Analog Devices in the fourth quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new position in Analog Devices during the second quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in Analog Devices during the fourth quarter worth about $26,000. Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices in the fourth quarter valued at about $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in Analog Devices in the first quarter valued at about $30,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Jefferies Financial Group boosted their price target on Analog Devices from $410.00 to $475.00 and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Raymond James Financial reaffirmed an "outperform" rating and set a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. BMO Capital Markets assumed coverage on Analog Devices in a research report on Thursday. They set an "outperform" rating and a $430.00 target price on the stock. The Goldman Sachs Group reiterated a "buy" rating and set a $480.00 target price on shares of Analog Devices in a research report on Wednesday. Finally, Weiss Ratings lowered Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Analog Devices has a consensus rating of "Buy" and an average target price of $447.13.

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Read Our Latest Report on ADI

Analog Devices Stock Up 0.8%

Shares of NASDAQ ADI opened at $373.09 on Friday. The firm's 50-day moving average is $388.25 and its two-hundred day moving average is $371.11. The company has a market capitalization of $180.79 billion, a PE ratio of 44.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.34.

• Analog Devices Provides Much-Needed Pullback: How Low Can It Go?

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same period last year, the company posted $2.05 EPS. The company's revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 12.72 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's dividend payout ratio is 52.19%.

Analog Devices News Roundup

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Strong earnings and guidance: ADI reported record fiscal Q3 revenue of $4.02 billion, up about 40% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also exceeded expectations. Management’s fiscal Q4 EPS outlook of $3.71 to $4.01 points to continued momentum. Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: AI and data-center growth: Revenue from data-center applications reportedly more than doubled, while demand tied to AI infrastructure, power management, optical connectivity and energy systems is creating a multiyear growth opportunity. Management highlighted a potential 100-gigawatt data-center buildout by 2031. Analog Devices Q3 Earnings Call Highlights AI Power Growth Runway
• Positive Sentiment: Broad analyst support: JPMorgan raised its price target to $500 and maintained an Overweight rating. Needham, TD Cowen and Susquehanna also reiterated Buy-equivalent ratings, with targets ranging from $450 to $475. These revisions reflect confidence in AI demand, margin expansion and an improving industrial recovery. Analog Devices Is Cashing in on the AI Boom
• Neutral Sentiment: Relative investment appeal: Comparisons with Texas Instruments and dividend-focused AI investment ideas portray ADI as a financially solid way to gain analog-chip and AI exposure, though they do not represent new company-specific catalysts. ADI vs. TXN: Which Analog Processing Chip Stock Has an Edge Right Now?
• Negative Sentiment: Macro and valuation risks: Semiconductor stocks faced pressure from a sharp rise in the 30-year Treasury yield, which can weigh on high-valuation growth shares. One analysis also downgraded ADI, arguing that multiple contraction and elevated expectations could limit gains despite strong fundamentals. Chip Stocks Fell on Higher Treasury Yields

Insider Buying and Selling

In other news, Director Ray Stata sold 1,432 shares of the company's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the sale, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 75,274 shares of company stock worth $30,343,386. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Profile

(Free Report)

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.

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