Analog Devices, Inc. $ADI Position Lessened by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd reduced its stake in Analog Devices, Inc. by 22.3%, holding 84,732 shares valued at approximately $17.09 million after selling 24,310 shares in the first quarter.
• Analog Devices reported a Q3 earnings per share (EPS) of $2.05, surpassing analysts' expectations of $1.95, along with a 24.6% year-over-year revenue increase to $2.88 billion.
• The company declared a quarterly dividend of $0.99 per share, with an annualized yield of 1.6%, amidst a high dividend payout ratio of 101.02%.

USS Investment Management Ltd trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 22.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 84,732 shares of the semiconductor company's stock after selling 24,310 shares during the quarter. USS Investment Management Ltd's holdings in Analog Devices were worth $17,089,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ADI. Activest Wealth Management grew its position in Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Analog Devices during the fourth quarter worth approximately $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices during the fourth quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new position in shares of Analog Devices during the first quarter worth approximately $27,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Analog Devices during the first quarter worth approximately $33,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $247.07 on Friday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company has a market capitalization of $121.55 billion, a price-to-earnings ratio of 63.03, a PEG ratio of 2.10 and a beta of 1.08. The firm has a 50-day moving average of $238.54 and a two-hundred day moving average of $220.05. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business earned $1.58 earnings per share. The business'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. As a group, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. 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 101.02%.

Insider Activity

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

Wall Street Analyst Weigh In

ADI has been the subject of a number of analyst reports. Barclays boosted their price target on Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Piper Sandler upped their price objective on shares of Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Wells Fargo & Company upped their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. KeyCorp upped their price target on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Benchmark upped their price target on shares of Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

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.

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