Analog Devices, Inc. $ADI Shares Acquired by Phoenix Wealth Advisors

Key Points

• Phoenix Wealth Advisors increased its holdings in Analog Devices, Inc. by 198.3% during the 1st quarter, owning a total of 10,890 shares valued at approximately $2.2 million.
• Analog Devices reported $2.05 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.95, with quarterly revenue rising by 24.6% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, representing a yield of 1.6%, with a payout ratio currently at 101.02%.

Phoenix Wealth Advisors raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 198.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,890 shares of the semiconductor company's stock after acquiring an additional 7,239 shares during the period. Phoenix Wealth Advisors' holdings in Analog Devices were worth $2,196,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sax Wealth Advisors LLC raised its stake in Analog Devices by 1.6% during the 1st quarter. Sax Wealth Advisors LLC now owns 6,676 shares of the semiconductor company's stock valued at $1,346,000 after acquiring an additional 108 shares in the last quarter. AlphaQuest LLC raised its stake in Analog Devices by 175.2% during the 1st quarter. AlphaQuest LLC now owns 1,076 shares of the semiconductor company's stock valued at $217,000 after acquiring an additional 685 shares in the last quarter. Allstate Corp raised its stake in Analog Devices by 32.8% during the 1st quarter. Allstate Corp now owns 19,508 shares of the semiconductor company's stock valued at $3,934,000 after acquiring an additional 4,813 shares in the last quarter. Circle Wealth Management LLC raised its stake in Analog Devices by 3.3% during the 1st quarter. Circle Wealth Management LLC now owns 3,461 shares of the semiconductor company's stock valued at $698,000 after acquiring an additional 112 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Analog Devices by 373.6% in the 1st quarter. 1832 Asset Management L.P. now owns 24,213 shares of the semiconductor company's stock worth $4,883,000 after buying an additional 19,100 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $252.20 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $125.15 billion, a price-to-earnings ratio of 64.34, a PEG ratio of 2.19 and a beta of 1.05. The stock's fifty day simple moving average is $234.80 and its 200 day simple moving average is $217.35. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $257.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company's quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 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 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's payout ratio is presently 101.02%.

Insiders Place Their Bets

In related 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 transaction, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

ADI has been the topic of a number of research reports. Cowen reissued a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. KeyCorp boosted their price objective on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI boosted their price objective on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research note on Thursday. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Piper Sandler boosted their price objective on Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Company 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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