243,977 Shares in Analog Devices, Inc. $ADI Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 243,977 shares of Analog Devices, Inc., valued at approximately $49.2 million, during the first quarter of the year.
• Analysts rate Analog Devices with a consensus of "Moderate Buy" and a target price of $273.53, with several recent upgrades from various firms.
• The company reported a 24.6% year-over-year revenue increase in its last quarterly earnings, totaling $2.88 billion and exceeding estimates.

Strs Ohio bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 243,977 shares of the semiconductor company's stock, valued at approximately $49,203,000.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth approximately $27,000. Menard Financial Group LLC purchased a new position in Analog Devices in the fourth quarter valued at approximately $27,000. Activest Wealth Management increased its stake in Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 127 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Analog Devices in the first quarter valued at approximately $27,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Analog Devices in the first quarter valued at approximately $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Piper Sandler increased their price objective on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $247.21 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The stock has a fifty day moving average price of $238.95 and a 200 day moving average price of $220.34. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The company has a market cap of $121.61 billion, a PE ratio of 63.06, a P/E/G ratio of 2.11 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the company earned $1.58 earnings per share. The company's revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices's dividend payout ratio (DPR) is currently 101.02%.

Insider Buying and Selling

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

Analog Devices Company 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.

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