Analog Devices, Inc. $ADI Shares Sold by Giverny Capital Inc.

Key Points

• Giverny Capital cut its Analog Devices position by 45.4% in the second quarter, selling 77,742 shares and retaining 93,310 shares valued at approximately $37.1 million.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue up 39.2% year over year. The company also declared a $1.10 quarterly dividend, equal to a 1.2% annualized yield.
• Analysts maintain a consensus “Buy” rating with a $454.63 target price, while institutional investors own 86.81% of the company’s shares.

Giverny Capital Inc. decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 45.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,310 shares of the semiconductor company's stock after selling 77,742 shares during the period. Analog Devices makes up approximately 1.3% of Giverny Capital Inc.'s holdings, making the stock its 25th biggest position. Giverny Capital Inc.'s holdings in Analog Devices were worth $37,060,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in Analog Devices by 39,170.1% in the 2nd quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company's stock worth $117,688,546,000 after buying an additional 295,563,249 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Analog Devices in the 2nd quarter worth approximately $18,610,868,000. Bank of America Corp DE bought a new position in Analog Devices during the 2nd quarter valued at $3,573,081,000. Norges Bank bought a new position in Analog Devices during the fourth quarter valued at about $2,215,516,000. Finally, Legal & General Group Plc acquired a new position in shares of Analog Devices in the 2nd quarter worth approximately $1,525,167,000. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $362.25 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The stock's 50-day moving average is $377.17 and its two-hundred day moving average is $374.17. The firm has a market cap of $175.54 billion, a P/E ratio of 42.97, a PEG ratio of 1.12 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The company 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 business's quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Truist Financial boosted their target price on shares of Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a research note on Wednesday, May 20th. Bank of America increased their target price on Analog Devices from $425.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Raymond James Financial reiterated an "outperform" rating and set a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Finally, Jefferies Financial Group upped their price target on Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $454.63.

Insider Buying and Selling at Analog Devices

In related news, Director Ray Stata sold 1,416 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total value of $534,355.92. Following the completion of the sale, the director directly owned 114,511 shares in the company, valued at approximately $43,213,016.07. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total transaction of $374,500.00. Following the transaction, the director directly owned 10,019 shares in the company, valued at $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,363 shares of company stock valued at $15,477,939 over the last three months. 0.36% of the stock is owned by insiders.

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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