Analog Devices, Inc. $ADI Shares Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group increased its Analog Devices stake by 7.8% in the second quarter, adding 64,424 shares to hold 895,211 shares valued at approximately $355.6 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue up 39.2% year over year. Analysts maintain a consensus “Buy” rating and a $454.63 price target.
• The company declared a quarterly dividend of $1.10 per share, equivalent to $4.40 annually and a 1.2% yield; ADI shares recently opened at $361.78, below the analyst consensus target.

Alyeska Investment Group L.P. grew its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 895,211 shares of the semiconductor company's stock after acquiring an additional 64,424 shares during the quarter. Analog Devices comprises 0.9% of Alyeska Investment Group L.P.'s holdings, making the stock its 12th largest position. Alyeska Investment Group L.P. owned 0.18% of Analog Devices worth $355,551,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE acquired a new position in Analog Devices in the 2nd quarter valued at about $3,573,081,000. Norges Bank acquired a new position in Analog Devices in the 4th quarter valued at about $2,215,516,000. Legal & General Group Plc acquired a new position in Analog Devices in the second quarter valued at approximately $1,525,167,000. Finally, Bank of New York Mellon Corp acquired a new position in Analog Devices in the second quarter valued at approximately $1,326,066,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Price Performance

ADI stock opened at $361.78 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The firm has a market capitalization of $175.31 billion, a P/E ratio of 42.92, a P/E/G ratio of 0.74 and a beta of 1.20. The business's 50-day moving average is $382.77 and its two-hundred day moving average is $372.95. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter last year, the business posted $2.05 EPS. The business's quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices's dividend payout ratio (DPR) is currently 52.19%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADI. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Argus set a $460.00 target price on shares of Analog Devices in a report on Tuesday, May 26th. Citigroup boosted their target price on Analog Devices from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Jefferies Financial Group upped their price target on Analog Devices from $410.00 to $475.00 and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Finally, TD Cowen restated a "buy" rating and set a $460.00 price target on shares of Analog Devices in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Analog Devices has a consensus rating of "Buy" and a consensus target price of $454.63.

Insiders Place Their Bets

In other news, Director Ray Stata sold 1,416 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total value of $534,355.92. Following the transaction, the director owned 114,511 shares in the company, valued at approximately $43,213,016.07. This represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 48,957 shares of company stock valued at $19,268,931 over the last quarter. Corporate insiders own 0.36% of the company's stock.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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