Analog Devices, Inc. $ADI Shares Sold by Alkeon Capital Management LLC

Key Points

• Alkeon Capital Management LLC reduced its stake in Analog Devices, Inc. by 0.1%, selling 1,404 shares and holding a total of 2,313,833 shares, which is now 1.0% of its portfolio.
• Analog Devices recently reported a quarterly earnings per share (EPS) of $2.05, exceeding estimates, with year-over-year revenue growth of 24.6%.
• The company declared a quarterly dividend of $0.99 per share, with a dividend yield of 1.6%, despite having a payout ratio exceeding 100%.

Alkeon Capital Management LLC reduced its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,313,833 shares of the semiconductor company's stock after selling 1,404 shares during the quarter. Analog Devices comprises approximately 1.0% of Alkeon Capital Management LLC's portfolio, making the stock its 13th biggest holding. Alkeon Capital Management LLC owned approximately 0.47% of Analog Devices worth $466,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Activest Wealth Management grew its stake in shares of 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 buying an additional 127 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Analog Devices during the 4th quarter valued at approximately $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices in the 4th quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new position in shares of Analog Devices in the 1st quarter worth approximately $27,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ADI shares. UBS Group cut their target price on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research note on Monday, July 7th. Wells Fargo & Company boosted their price objective on Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. TD Cowen lifted their target price on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Noble Financial upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and an average target price of $273.53.

Insider Buying and Selling

In other news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The shares were 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 of the company's stock, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,615 shares of company stock worth $6,450,988 in the last 90 days. 0.33% of the stock is owned by company insiders.

Analog Devices Trading Up 0.4%

Shares of Analog Devices stock traded up $0.96 during trading on Friday, hitting $247.07. The company's stock had a trading volume of 2,166,076 shares, compared to its average volume of 3,877,268. 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 market cap of $121.55 billion, a price-to-earnings ratio of 63.03, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. The stock has a 50-day moving average price of $238.54 and a two-hundred day moving average price of $220.20. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week 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 analysts' consensus estimates of $1.95 by $0.10. The company 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 firm's revenue was up 24.6% compared to the same quarter last year. 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. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS 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. Investors of record on Tuesday, September 2nd will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

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.