3,833 Shares in Analog Devices, Inc. $ADI Bought by Dearborn Partners LLC

Key Points

• Dearborn Partners LLC initiated a stake in Analog Devices during the second quarter, purchasing 3,833 shares valued at approximately $1.22 million. Institutional investors collectively own 86.81% of ADI’s outstanding stock.
• Analog Devices reported stronger-than-expected quarterly results, with EPS of $3.45 and revenue of $4.02 billion, representing 39.2% year-over-year growth. Analysts maintain a consensus “Buy” rating with an average price target of $454.63.
• The company declared a quarterly dividend of $1.10 per share, equivalent to an annualized $4.40 dividend and a 1.2% yield. Meanwhile, insiders sold 45,274 shares worth about $17.9 million over the past 90 days.

Dearborn Partners LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,833 shares of the semiconductor company's stock, valued at approximately $1,220,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ADI. ING Groep NV boosted its stake in Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after purchasing an additional 69,202 shares during the period. Covenant Asset Management LLC acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $2,500,000. MGO One Seven LLC increased its stake in shares of Analog Devices by 17.7% in the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock valued at $12,352,000 after purchasing an additional 6,846 shares during the period. Natixis Advisors LLC raised its holdings in shares of Analog Devices by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock valued at $271,791,000 after buying an additional 23,531 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Analog Devices by 108.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock worth $6,511,000 after buying an additional 10,648 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Down 0.5%

NASDAQ:ADI opened at $371.17 on Tuesday. The stock has a fifty day simple moving average of $387.12 and a 200 day simple moving average of $371.92. The firm has a market capitalization of $179.86 billion, a price-to-earnings ratio of 44.03, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. 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 (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The firm's revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

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

Insider Transactions at Analog Devices

In other news, 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 transaction of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 1,416 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total value of $534,355.92. Following the transaction, the director directly owned 114,511 shares in the company, valued at approximately $43,213,016.07. This represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last 90 days. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ADI. 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. Sanford C. Bernstein raised shares of Analog Devices from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. Truist Financial increased their target price on shares of Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a research report on Wednesday, May 20th. KeyCorp raised their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Finally, Oppenheimer upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $454.63.

Analog Devices 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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