Analog Devices, Inc. $ADI Shares Acquired by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its stake in Analog Devices, Inc. by 194.7% during the second quarter, owning 3,757 shares valued at $894,000 as of the latest SEC filing.
• Recent analyst ratings have generally been positive, with Morgan Stanley raising its target price to $288.00, while Goldman Sachs initiated coverage with a "buy" rating and a $285.00 price objective.
• Analog Devices announced a quarterly dividend of $0.99, representing an annualized yield of 1.6%, with a payout ratio of 101.02%.

Simplicity Wealth LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 194.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,757 shares of the semiconductor company's stock after acquiring an additional 2,482 shares during the period. Simplicity Wealth LLC's holdings in Analog Devices were worth $894,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Activest Wealth Management raised its position in Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 127 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices in the first quarter valued at $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Analog Devices in the 1st quarter valued at $33,000. North Capital Inc. acquired a new position in Analog Devices during the 1st quarter worth about $36,000. Finally, Wolff Wiese Magana LLC lifted its stake in Analog Devices by 209.8% during the 1st quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ADI. Morgan Stanley lifted their target price on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. The Goldman Sachs Group initiated coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price objective for the company. Citigroup reiterated a "buy" rating and set a $290.00 target price (up from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Stifel Nicolaus raised their price target on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Truist Financial upped their price objective on Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $275.29.

Insiders Place Their Bets

In other news, SVP Martin Cotter sold 12,500 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the transaction, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. This represents a 16.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the completion of the transaction, the director directly owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,240 shares of company stock valued at $12,737,838. 0.33% of the stock is owned by company insiders.

Analog Devices Price Performance

Shares of ADI opened at $242.50 on Tuesday. The firm has a market capitalization of $119.30 billion, a price-to-earnings ratio of 61.86, a PEG ratio of 2.04 and a beta of 1.09. The firm's fifty day simple moving average is $241.13 and its 200-day simple moving average is $223.69. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. 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 posted 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. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.Analog Devices's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices's dividend payout ratio 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.

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