Analog Devices, Inc. $ADI Shares Acquired by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in Analog Devices, Inc. by 0.8%, owning approximately $70.1 million worth of the semiconductor company's shares.
• Analog Devices reported a strong quarterly earnings, posting $1.85 EPS and $2.64 billion in revenue, exceeding analysts' estimates.
• The company recently announced a quarterly dividend of $0.99 per share, reflecting a 1.7% yield despite a payout ratio of 107.90%.

Korea Investment CORP increased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,687 shares of the semiconductor company's stock after buying an additional 2,691 shares during the quarter. Korea Investment CORP owned about 0.07% of Analog Devices worth $70,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ADI. GAMMA Investing LLC raised its position in shares of Analog Devices by 25,460.1% in the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after buying an additional 2,203,062 shares during the period. Nuveen LLC purchased a new position in Analog Devices in the first quarter valued at about $351,943,000. Kovitz Investment Group Partners LLC raised its position in Analog Devices by 301.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after purchasing an additional 1,186,981 shares during the period. Deutsche Bank AG raised its position in Analog Devices by 71.0% in the fourth quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock valued at $458,683,000 after purchasing an additional 896,694 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Analog Devices by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADI has been the topic of several research reports. Wells Fargo & Company raised their price objective on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a research report on Thursday. The Goldman Sachs Group initiated coverage on Analog Devices in a research report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price objective on the stock. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Oppenheimer raised their price objective on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus raised their price objective on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director directly owned 167,571 shares in the company, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Up 2.1%

Shares of NASDAQ ADI traded up $5.25 during midday trading on Friday, reaching $252.20. 4,988,997 shares of the company's stock were exchanged, compared to its average volume of 3,656,419. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $257.22. The stock has a market capitalization of $125.15 billion, a PE ratio of 64.34, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.51 and a current ratio of 2.32. The business's fifty day moving average price is $234.80 and its two-hundred day moving average price is $217.35.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared 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 yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is 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.