10,523 Shares in Analog Devices, Inc. $ADI Acquired by Light Street Capital Management LLC

Key Points

• Light Street Capital Management initiated a 10,523-share position in Analog Devices worth approximately $4.18 million, while institutional investors and hedge funds collectively own 86.81% of the stock.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $454.63; recent targets range from $430 to $474.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in adjusted EPS and $4.02 billion in revenue, up 39.2% year over year. The company also announced a $1.10 quarterly dividend, equivalent to a 1.2% annualized yield.

Light Street Capital Management LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,523 shares of the semiconductor company's stock, valued at approximately $4,179,000. Analog Devices makes up 0.5% of Light Street Capital Management LLC's holdings, making the stock its 25th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the business. Banque Transatlantique SA acquired a new stake in Analog Devices during the 4th quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new stake in shares of Analog Devices during the second quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices in the 2nd quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new position in Analog Devices in the 4th quarter valued at about $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Analog Devices during the fourth quarter valued at approximately $27,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TD Cowen restated a "buy" rating and set a $460.00 price objective on shares of Analog Devices in a report on Thursday, August 20th. Evercore reiterated an "outperform" rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Needham & Company LLC increased their target price on Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Raymond James Financial reissued an "outperform" rating and issued a $430.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Weiss Ratings raised shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Analog Devices has an average rating of "Buy" and an average target price of $454.63.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $371.80 on Thursday. The firm has a market cap of $180.16 billion, a PE ratio of 44.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The business has a 50 day moving average price of $385.42 and a two-hundred day moving average price of $372.64. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results 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. The company had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm's revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 of this dividend is Tuesday, September 1st. Analog Devices's payout ratio is presently 52.19%.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 45,274 shares of company stock valued at $17,889,486 in the last three months. 0.36% of the stock is currently owned by insiders.

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.

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