Alliancebernstein L.P. Has $201.04 Million Stake in Analog Devices, Inc. $ADI

Key Points

• Alliancebernstein L.P. increased its stake in Analog Devices, Inc. by 10.3%, acquiring 93,033 additional shares, bringing its total ownership to 996,866 shares valued at approximately $201 million.
• Several hedge funds, including Vanguard Group Inc. and Price T Rowe Associates, have also increased their holdings in Analog Devices, indicating a broader interest among institutional investors.
• Analog Devices reported strong quarterly earnings with $2.88 billion in revenue and an EPS of $2.05, beating estimates and showing a 24.6% year-over-year revenue growth.

Alliancebernstein L.P. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 10.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 996,866 shares of the semiconductor company's stock after acquiring an additional 93,033 shares during the quarter. Alliancebernstein L.P. owned 0.20% of Analog Devices worth $201,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. China Universal Asset Management Co. Ltd. lifted its stake in Analog Devices by 284.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after acquiring an additional 22,973 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Analog Devices in the 1st quarter valued at $296,000. Keybank National Association OH lifted its stake in shares of Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after purchasing an additional 12,505 shares during the last quarter. Eastern Bank boosted its holdings in Analog Devices by 6.0% in the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock worth $39,664,000 after purchasing an additional 11,101 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Analog Devices by 4.3% during the first 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. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction on 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. The trade was a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the transaction, the director owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. This represents a 1.83% 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. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADI shares. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. UBS Group lowered their price target on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Stifel Nicolaus lifted their price target on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Barclays boosted their price objective on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Two investment 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 stock. According to MarketBeat, Analog Devices has an average rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Stock Performance

Analog Devices stock traded down $1.27 during mid-day trading on Tuesday, reaching $247.71. The company had a trading volume of 734,849 shares, compared to its average volume of 3,933,013. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The firm has a market cap of $121.86 billion, a price-to-earnings ratio of 63.25, a PEG ratio of 2.10 and a beta of 1.08. The company has a 50 day moving average of $238.76 and a 200-day moving average of $219.95. 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 announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during 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 for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, sell-side analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors 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 presently 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.