Analog Devices, Inc. $ADI Shares Newly Purchased by Jackson Square Capital LLC

Key Points

• Jackson Square Capital newly purchased 7,567 Analog Devices shares worth approximately $3.0 million in the third quarter, while institutional investors collectively own 86.81% of the company.
• Analog Devices reported quarterly earnings of $3.45 per share and revenue of $4.02 billion, exceeding analyst expectations; revenue increased 39.2% year over year. The company also pays a quarterly dividend of $1.10 per share, yielding about 1.1% annually.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $460.09 versus the stock’s recent price of $393.19. However, insiders sold more than $19.4 million in shares over the past 90 days.

Jackson Square Capital LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,567 shares of the semiconductor company's stock, valued at approximately $3,002,000.

Several other hedge funds have also recently made changes to their positions in ADI. Foguth Wealth Management LLC. purchased a new position in shares of Analog Devices during the third quarter valued at about $202,000. First Bank & Trust raised its stake in Analog Devices by 8.1% in the third quarter. First Bank & Trust now owns 2,097 shares of the semiconductor company's stock worth $832,000 after buying an additional 158 shares in the last quarter. Brown Lisle Cummings Inc. lifted its holdings in Analog Devices by 13.2% in the third quarter. Brown Lisle Cummings Inc. now owns 1,285 shares of the semiconductor company's stock worth $510,000 after buying an additional 150 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in Analog Devices by 71.0% in the third quarter. Robertson Stephens Wealth Management LLC now owns 4,613 shares of the semiconductor company's stock worth $1,830,000 after buying an additional 1,916 shares during the period. Finally, Encompass More Asset Management boosted its position in Analog Devices by 4.7% during the 3rd quarter. Encompass More Asset Management now owns 862 shares of the semiconductor company's stock valued at $342,000 after acquiring an additional 39 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Down 0.6%

Analog Devices stock traded down $2.25 during mid-day trading on Monday, hitting $393.19. The company had a trading volume of 1,222,430 shares, compared to its average volume of 4,022,611. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The company has a market capitalization of $190.53 billion, a PE ratio of 46.70, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. The stock's 50 day moving average price is $382.76 and its two-hundred day moving average price is $387.11. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company's revenue was up 39.2% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 12.99 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is currently 52.19%.

Insider Buying and Selling at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $421.08, for a total transaction of $631,620.00. Following the sale, the chief financial officer owned 49,677 shares in the company, valued at $20,917,991.16. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total transaction of $498,024.00. Following the sale, the insider owned 14,849 shares in the company, valued at approximately $6,162,631.98. The trade was a 7.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 50,936 shares of company stock worth $19,430,764 in the last 90 days. Insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ADI shares. Wall Street Zen downgraded Analog Devices from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley increased their target price on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Piper Sandler set a $460.00 target price on Analog Devices in a research note on Tuesday, September 8th. Sanford C. Bernstein upgraded Analog Devices from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. Finally, Seaport Research Partners raised Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price target on the stock in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average price target of $460.09.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

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