Analog Devices, Inc. $ADI Shares Sold by Causeway Capital Management LLC

Key Points

• Causeway Capital cut its ADI stake by 15%, selling 53,332 shares to leave 302,272 shares worth about $74.3M; institutional investors now own 86.81% of Analog Devices.
• Analog Devices beat Q results with EPS of $2.46 (vs. $2.31 expected) and revenue of $3.16B (+30.4% Y/Y), set Q2 2026 guidance of $2.73–$3.03 EPS, and raised its quarterly dividend to $1.10 ($4.40 annual, 1.4% yield).
• Wall Street sentiment is largely positive with a consensus rating of "Moderate Buy" and an average target of $366.96, while the stock trades near $319 with a market cap around $156B and a P/E of 58.41.

Causeway Capital Management LLC lowered its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 15.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 302,272 shares of the semiconductor company's stock after selling 53,332 shares during the quarter. Analog Devices makes up about 1.0% of Causeway Capital Management LLC's holdings, making the stock its 20th biggest position. Causeway Capital Management LLC owned about 0.06% of Analog Devices worth $74,268,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Legal & General Group Plc lifted its stake in shares of Analog Devices by 2.0% during the third quarter. Legal & General Group Plc now owns 3,860,512 shares of the semiconductor company's stock valued at $948,528,000 after buying an additional 76,909 shares during the period. Pinkerton Wealth LLC boosted its holdings in shares of Analog Devices by 15.1% during the third quarter. Pinkerton Wealth LLC now owns 15,995 shares of the semiconductor company's stock worth $3,930,000 after purchasing an additional 2,100 shares during the last quarter. Sienna Gestion purchased a new stake in shares of Analog Devices in the third quarter valued at $7,774,000. Fieldview Capital Management LLC increased its stake in Analog Devices by 1,008.5% in the third quarter. Fieldview Capital Management LLC now owns 16,129 shares of the semiconductor company's stock valued at $3,963,000 after purchasing an additional 14,674 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Analog Devices by 10.3% in the third quarter. Russell Investments Group Ltd. now owns 416,204 shares of the semiconductor company's stock valued at $102,194,000 after purchasing an additional 39,026 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Up 1.2%

Shares of NASDAQ ADI opened at $319.48 on Tuesday. The stock has a fifty day moving average price of $317.22 and a 200 day moving average price of $273.85. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $363.20. The company has a market cap of $155.97 billion, a P/E ratio of 58.41, a P/E/G ratio of 1.45 and a beta of 1.00.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The company's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $1.10 per share. This is a boost from Analog Devices's previous quarterly dividend of $0.99. The ex-dividend date is Tuesday, March 3rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Analog Devices's payout ratio is 80.44%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADI. Citigroup reissued a "buy" rating on shares of Analog Devices in a research note on Thursday, February 19th. The Goldman Sachs Group raised their target price on shares of Analog Devices from $300.00 to $370.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Truist Financial upped their price target on shares of Analog Devices from $291.00 to $364.00 and gave the stock a "hold" rating in a research report on Thursday, February 19th. KeyCorp increased their price target on shares of Analog Devices from $375.00 to $430.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. Finally, Susquehanna upped their price objective on Analog Devices from $360.00 to $400.00 and gave the stock a "positive" rating in a report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $366.96.

Insider Activity at Analog Devices

In related news, SVP Martin Cotter sold 10,000 shares of Analog Devices stock in a transaction on Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the completion of the sale, the senior vice president owned 49,664 shares in the company, valued at approximately $13,828,444.16. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total transaction of $991,562.50. Following the transaction, the director owned 123,821 shares in the company, valued at $39,288,403.30. This trade represents a 2.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,743 shares of company stock worth $16,836,340 over the last ninety days. Company insiders own 0.36% of the company's stock.

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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