Concentric Capital Strategies LP Has $4.50 Million Position in Analog Devices, Inc. $ADI

Key Points

• Concentric Capital Strategies LP significantly reduced its stake in Analog Devices by 54.9% during the first quarter, decreasing its holdings to 22,304 shares valued at approximately $4.5 million.
• Wall Street analysts hold a generally positive view of Analog Devices, with a consensus rating of "Moderate Buy" and a target price of around $273.53, following several upgrades in target prices from firms like Stifel Nicolaus and Citigroup.
• Analog Devices announced a quarterly dividend of $0.99 per share, representing a yield of 1.6%, although its payout ratio is high at 101.02%.

Concentric Capital Strategies LP lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 54.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,304 shares of the semiconductor company's stock after selling 27,119 shares during the period. Concentric Capital Strategies LP's holdings in Analog Devices were worth $4,498,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ADI. Brighton Jones LLC boosted its holdings in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 529 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Analog Devices during the fourth quarter valued at approximately $1,902,000. Captrust Financial Advisors lifted its holdings in Analog Devices by 19.9% during the 4th quarter. Captrust Financial Advisors now owns 30,786 shares of the semiconductor company's stock valued at $6,541,000 after purchasing an additional 5,116 shares during the last quarter. BOKF NA lifted its holdings in Analog Devices by 1.5% during the 4th quarter. BOKF NA now owns 5,398 shares of the semiconductor company's stock valued at $1,146,000 after purchasing an additional 82 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Analog Devices by 2.1% during the 4th quarter. Cetera Investment Advisers now owns 93,958 shares of the semiconductor company's stock valued at $19,962,000 after purchasing an additional 1,914 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on ADI. Zacks Research raised shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Stifel Nicolaus upped their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, Truist Financial upped their price objective on shares of Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and an average target price of $273.53.

Analog Devices Price Performance

Shares of NASDAQ ADI traded down $0.66 during trading on Tuesday, reaching $248.32. The company had a trading volume of 843,078 shares, compared to its average volume of 3,933,763. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The business's 50 day moving average price is $238.76 and its 200-day moving average price is $219.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The stock has a market cap of $122.16 billion, a PE ratio of 63.31, a PEG ratio of 2.10 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued 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 company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the previous year, the company earned $1.58 EPS. Analog Devices's revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.99 dividend. 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 is currently 101.02%.

Insider Buying and Selling at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 13,549 shares in the company, valued at $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,115 shares of company stock valued at $9,529,113. 0.33% of the stock is currently owned by corporate 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.