Adage Capital Partners GP L.L.C. Has $69.42 Million Stock Position in Analog Devices, Inc. $ADI

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Analog Devices by 15.9%, selling 65,023 shares, leaving them with 344,214 shares valued at approximately $69.4 million.
• Analog Devices reported a strong quarterly performance, with revenues of $2.88 billion and an EPS of $2.05, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.99, representing a 1.6% yield, although it has a high payout ratio of 101.02%.

Adage Capital Partners GP L.L.C. trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 15.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,214 shares of the semiconductor company's stock after selling 65,023 shares during the period. Adage Capital Partners GP L.L.C. owned 0.07% of Analog Devices worth $69,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Paragon Private Wealth Management LLC increased its holdings in Analog Devices by 21.4% during the 1st quarter. Paragon Private Wealth Management LLC now owns 2,392 shares of the semiconductor company's stock valued at $482,000 after purchasing an additional 422 shares in the last quarter. Unisphere Establishment bought a new position in Analog Devices in the 1st quarter valued at $5,848,000. EP Wealth Advisors LLC boosted its position in Analog Devices by 61.0% in the 1st quarter. EP Wealth Advisors LLC now owns 8,767 shares of the semiconductor company's stock valued at $1,768,000 after buying an additional 3,320 shares during the last quarter. PDT Partners LLC bought a new position in Analog Devices in the 1st quarter valued at $585,000. Finally, GW Henssler & Associates Ltd. boosted its position in Analog Devices by 5.0% in the 1st quarter. GW Henssler & Associates Ltd. now owns 56,120 shares of the semiconductor company's stock valued at $11,318,000 after buying an additional 2,668 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the sale, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the sale, the chief executive officer directly owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,615 shares of company stock valued at $6,450,988 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ADI shares. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. KGI Securities initiated coverage on Analog Devices in a research report on Friday, May 23rd. They issued a "buy" rating on the stock. Benchmark raised their price target on Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Cfra Research lowered Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. Finally, Zacks Research upgraded Analog Devices from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Trading Up 0.3%

ADI stock traded up $0.71 during midday trading on Monday, hitting $247.78. 620,230 shares of the company's stock were exchanged, compared to its average volume of 3,941,188. The stock's fifty day moving average price is $238.54 and its 200-day moving average price is $219.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The company has a market cap of $121.90 billion, a PE ratio of 63.20, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its 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. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company's revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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

About Analog Devices

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.