APG Asset Management N.V. Acquires 1,300 Shares of Analog Devices, Inc. $ADI

Key Points

• APG Asset Management N.V. raised its stake in Analog Devices, Inc. (NASDAQ: ADI) by 0.5% during the first quarter, valuing its holdings at approximately $50.6 million.
• Analog Devices reported a 24.6% year-over-year increase in revenue, totaling $2.88 billion, and beat analysts' EPS expectations for the quarter.
• The company announced a quarterly dividend of $0.99 per share, indicating a dividend yield of 1.6%, with a high payout ratio of 101.02%.

APG Asset Management N.V. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,200 shares of the semiconductor company's stock after buying an additional 1,300 shares during the period. APG Asset Management N.V. owned 0.05% of Analog Devices worth $50,632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADI. Brighton Jones LLC grew its stake in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after acquiring an additional 529 shares in the last quarter. Jump Financial LLC grew its stake in shares of Analog Devices by 4.0% during the 4th quarter. Jump Financial LLC now owns 1,888 shares of the semiconductor company's stock worth $401,000 after acquiring an additional 73 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of Analog Devices by 2.6% in the 4th quarter. MGO One Seven LLC now owns 3,492 shares of the semiconductor company's stock valued at $742,000 after buying an additional 87 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Analog Devices by 61.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,511 shares of the semiconductor company's stock valued at $1,383,000 after buying an additional 2,481 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Analog Devices by 4.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 30,975 shares of the semiconductor company's stock valued at $6,581,000 after buying an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Buying and Selling

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which is available through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADI. Barclays raised their price target on Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Citigroup reissued a "buy" rating and set a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Raymond James Financial upgraded Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. KeyCorp raised their price target on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $250.00 to $270.00 in a research report on Wednesday, June 18th. Two 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Trading Down 0.5%

ADI stock traded down $1.25 during trading on Thursday, hitting $254.25. The company had a trading volume of 4,032,149 shares, compared to its average volume of 3,972,810. The business has a 50-day moving average of $236.34 and a 200-day moving average of $218.33. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The stock has a market cap of $125.08 billion, a PE ratio of 64.86, a PEG ratio of 2.17 and a beta of 1.05. 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 issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The company's revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced 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 of this dividend is Tuesday, September 2nd. Analog Devices's dividend payout ratio is presently 101.02%.

About Analog Devices

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.