3G Capital Partners LP Acquires 65,000 Shares of Analog Devices, Inc. $ADI

Key Points

• 3G Capital Partners LP increased its stake in Analog Devices, Inc. by 48.1% in the first quarter, owning 200,000 shares valued at approximately $40.3 million, making it the second-largest position in its portfolio.
• Analog Devices reported $2.05 EPS in its most recent quarterly earnings, surpassing analysts' estimates of $1.95, with revenues of $2.88 billion.
• The company declared a quarterly dividend of $0.99 per share, reflecting an annualized dividend yield of 1.6%, despite a payout ratio exceeding 100%.

3G Capital Partners LP raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 48.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the semiconductor company's stock after purchasing an additional 65,000 shares during the quarter. Analog Devices accounts for about 11.6% of 3G Capital Partners LP's portfolio, making the stock its 2nd largest position. 3G Capital Partners LP's holdings in Analog Devices were worth $40,334,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ADI. Heritage Financial Services LLC raised its position in Analog Devices by 1.6% during the first quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock worth $669,000 after acquiring an additional 53 shares during the period. Hemington Wealth Management raised its position in Analog Devices by 11.4% during the first quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock worth $108,000 after acquiring an additional 55 shares during the period. Continuum Advisory LLC raised its position in Analog Devices by 14.8% during the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after acquiring an additional 57 shares during the period. Proficio Capital Partners LLC raised its position in Analog Devices by 0.4% during the first quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock worth $2,929,000 after acquiring an additional 58 shares during the period. Finally, ICW Investment Advisors LLC grew its holdings in shares of Analog Devices by 2.9% during the first quarter. ICW Investment Advisors LLC now owns 2,114 shares of the semiconductor company's stock worth $426,000 after buying an additional 59 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. KGI Securities assumed coverage on shares of Analog Devices in a report on Friday, May 23rd. They set a "buy" rating for the company. Seaport Res Ptn raised shares of Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. The Goldman Sachs Group assumed coverage on shares of Analog Devices in a report on Thursday, July 10th. They set a "buy" rating and a $285.00 target price for the company. Finally, Benchmark upped their target price on shares of Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $273.53.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated 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 $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,615 shares of company stock valued at $6,450,988 over the last 90 days. 0.33% of the stock is owned by company insiders.

Analog Devices Trading Up 0.4%

Shares of ADI traded up $0.96 during mid-day trading on Friday, reaching $247.07. The 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. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The business's fifty day moving average is $238.54 and its 200 day moving average is $220.20. The firm has a market cap of $121.55 billion, a price-to-earnings ratio of 63.03, a P/E/G ratio of 2.09 and a beta of 1.08.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's dividend payout ratio is currently 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.