AQR Capital Management LLC Boosts Holdings in Analog Devices, Inc. $ADI

Key Points

• AQR Capital Management increased its stake in Analog Devices by 57.5%, owning 92,396 shares worth approximately $18.38 million.
• Analog Devices reported earnings per share of $2.05 for the recent quarter, surpassing estimates and marking a 24.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.99, with a payout ratio of 101.02%, set to be paid on September 16th.

AQR Capital Management LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 57.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,396 shares of the semiconductor company's stock after buying an additional 33,714 shares during the period. AQR Capital Management LLC's holdings in Analog Devices were worth $18,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Orion Capital Management LLC purchased a new stake in Analog Devices during the 4th quarter valued at $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices during the 4th quarter valued at $27,000. Activest Wealth Management boosted its stake in Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $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 valued at $27,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Analog Devices during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of Analog Devices stock traded down $3.03 during trading on Friday, reaching $245.21. 2,109,962 shares of the stock traded hands, compared to its average volume of 3,573,982. The company has a market capitalization of $120.63 billion, a price-to-earnings ratio of 62.55, a P/E/G ratio of 2.10 and a beta of 1.08. The business has a fifty day simple moving average of $238.99 and a two-hundred day simple moving average of $220.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13.

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

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's payout ratio is 101.02%.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the sale, the director directly owned 167,571 shares of the company's stock, valued at $40,088,010.33. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,115 shares of company stock worth $9,529,113 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. KeyCorp increased their target price on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Piper Sandler increased their target price on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Finally, TD Cowen raised their price target on Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $273.53.

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.