Raymond James Financial Inc. Buys 12,666 Shares of Analog Devices, Inc. $ADI

Key Points

• Raymond James Financial Inc. increased its stake in Analog Devices, Inc. by 0.3% in Q1, owning 3,935,224 shares valued at approximately $793.6 million.
• Several institutional investors have recently acquired stakes in Analog Devices, with the company now 86.81% owned by such investors and hedge funds.
• Analog Devices reported a quarterly EPS of $1.85, surpassing estimates, and announced a quarterly dividend of $0.99 per share, with a dividend yield of 1.7%.

Raymond James Financial Inc. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,935,224 shares of the semiconductor company's stock after buying an additional 12,666 shares during the period. Raymond James Financial Inc. owned 0.79% of Analog Devices worth $793,616,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADI. Orion Capital Management LLC acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Menard Financial Group LLC acquired a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new position in shares of Analog Devices in the first quarter valued at approximately $27,000. N.E.W. Advisory Services LLC acquired a new position in shares of Analog Devices in the first quarter valued at approximately $33,000. Finally, North Capital Inc. acquired a new position in shares of Analog Devices in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $2.6470 during midday trading on Thursday, reaching $247.5170. The company's stock had a trading volume of 2,706,791 shares, compared to its average volume of 3,954,570. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $249.58. The company has a market capitalization of $122.83 billion, a P/E ratio of 67.47, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The business's fifty day simple moving average is $233.96 and its 200-day simple moving average is $216.74.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%.The firm's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared 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%. Analog Devices's dividend payout ratio is 107.90%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ADI shares. Oppenheimer upped their target price on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company set a $235.00 target price on Analog Devices and gave the company an "equal weight" rating in a research report on Monday, June 16th. Piper Sandler boosted their price objective on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Evercore ISI boosted their price objective on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $267.39.

About Analog Devices

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.