Caxton Associates LLP Purchases Shares of 21,955 Analog Devices, Inc. $ADI

Key Points

• Caxton Associates LLP has acquired 21,955 shares of Analog Devices, worth approximately $4.43 million, marking a significant addition to their investment portfolio during the first quarter.
• Multiple institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in Analog Devices, which now showcases an ownership of 86.81% by hedge funds and institutional investors.
• Analysts have generally favorable ratings on Analog Devices, with a consensus price target of $273.53 and significant increases in target prices following recent earnings results that exceeded estimates.

Caxton Associates LLP purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 21,955 shares of the semiconductor company's stock, valued at approximately $4,428,000.

Several other institutional investors also recently bought and sold shares of ADI. China Universal Asset Management Co. Ltd. increased its holdings in shares of Analog Devices by 284.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock worth $6,262,000 after buying an additional 22,973 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Analog Devices during the 1st quarter worth $296,000. Keybank National Association OH increased its holdings in shares of Analog Devices by 85.8% during the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock worth $5,461,000 after buying an additional 12,505 shares during the last quarter. Eastern Bank increased its holdings in shares of Analog Devices by 6.0% during the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock worth $39,664,000 after buying an additional 11,101 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of Analog Devices by 4.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock worth $1,224,000 after buying an additional 251 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research analyst reports. Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $250.00 to $270.00 in a report on Wednesday, June 18th. Wells Fargo & Company upped their price objective on Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Stifel Nicolaus upped their price objective on Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Cfra Research cut shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the sale, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,115 shares of company stock worth $9,529,113. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Down 1.2%

NASDAQ:ADI traded down $3.03 on Friday, reaching $245.21. The stock had a trading volume of 2,109,126 shares, compared to its average volume of 3,907,123. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $238.99 and a 200 day moving average of $220.41. The stock has a market cap of $120.63 billion, a P/E ratio of 62.55, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio is 101.02%.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.