Analog Devices, Inc. $ADI Shares Bought by Cullen Investment Group LTD.

Key Points

• Cullen Investment Group LTD. increased its stake in Analog Devices, Inc. by 8.6%, owning 25,606 shares valued at approximately $6.1 million as of the latest SEC filing.
• The company reported quarterly earnings of $2.05 EPS, exceeding the consensus estimate, alongside a revenue increase of 24.6% year-over-year totaling $2.88 billion.
• Analog Devices announced a quarterly dividend of $0.99 per share, with an annualized yield of 1.6%, despite a dividend payout ratio of 101.02%.

Cullen Investment Group LTD. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,606 shares of the semiconductor company's stock after buying an additional 2,029 shares during the quarter. Cullen Investment Group LTD.'s holdings in Analog Devices were worth $6,095,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. EFG Asset Management North America Corp. lifted its holdings in Analog Devices by 0.3% during the 1st quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock worth $2,866,000 after buying an additional 47 shares in the last quarter. Heritage Financial Services LLC lifted its holdings in Analog Devices by 1.6% during the 1st quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock worth $669,000 after buying an additional 53 shares in the last quarter. Hemington Wealth Management lifted its holdings in Analog Devices by 11.4% during the 1st quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock worth $108,000 after buying an additional 55 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Analog Devices by 14.8% during the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after buying an additional 57 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Analog Devices by 0.4% during the 1st quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock worth $2,929,000 after buying an additional 58 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $245.21 on Friday. The company's fifty day moving average price is $238.98 and its 200 day moving average price is $220.48. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The firm has a market capitalization of $120.63 billion, a P/E ratio of 62.55, a P/E/G ratio of 2.10 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the business earned $1.58 EPS. Analog Devices's revenue for the quarter 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. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business 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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is currently 101.02%.

Analysts Set New Price Targets

ADI has been the topic of a number of research reports. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $250.00 to $270.00 in a report on Wednesday, June 18th. Stifel Nicolaus raised their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Cowen restated a "buy" rating on shares of Analog Devices in a report on Friday, May 23rd. Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

Insider Activity at Analog Devices

In related news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the transaction, the director owned 167,571 shares in the company, valued at approximately $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,115 shares of company stock valued at $9,529,113 over the last quarter. 0.33% of the stock is owned by insiders.

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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