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

Key Points

• QRG Capital Management Inc. reduced its stake in Analog Devices, Inc. by 6.6%, resulting in ownership of 93,641 shares worth approximately $22.3 million.
• Analysts remain optimistic about Analog Devices, with price target upgrades from firms like Wells Fargo, Barclays, and Goldman Sachs, indicating a strong market interest.
• The company recently reported better-than-expected earnings with $2.05 per share, surpassing the analyst estimate, and announced a quarterly dividend of $0.99 per share.

QRG Capital Management Inc. cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 93,641 shares of the semiconductor company's stock after selling 6,664 shares during the period. QRG Capital Management Inc.'s holdings in Analog Devices were worth $22,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADI. Activest Wealth Management raised its position in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Analog Devices during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC acquired a new position in shares of Analog Devices during the first quarter valued at approximately $33,000. North Capital Inc. acquired a new position in shares of Analog Devices during the first quarter valued at approximately $36,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Analog Devices by 209.8% in the first quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 128 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Up 0.1%

Shares of ADI opened at $241.99 on Friday. The company's 50-day moving average price is $240.89 and its 200 day moving average price is $223.30. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The firm has a market cap of $119.05 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices's revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's payout ratio is presently 101.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADI. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Thursday, August 21st. Wells Fargo & Company lifted their target price on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Barclays increased their target price on shares of Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Morgan Stanley boosted their price target on shares of Analog Devices from $273.00 to $288.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group initiated coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $275.29.

Insider Transactions at Analog Devices

In related news, SVP Katsufumi Nakamura sold 2,490 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the transaction, the director owned 155,071 shares of the company's stock, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,240 shares of company stock worth $12,737,838 over the last quarter. 0.33% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.