Ascent Group LLC Acquires 13,593 Shares of Analog Devices, Inc. $ADI

Key Points

• Ascent Group LLC significantly increased its holdings in Analog Devices, Inc. by 176.1%, owning 21,314 shares worth approximately $4.3 million after purchasing an additional 13,593 shares in the first quarter.
• CEO Vincent Roche sold 20,000 shares for a total of $5.1 million, reducing his ownership by nearly 46%, while the company's insiders collectively sold 38,115 shares valued at over $9.5 million in recent months.
• Analysts have raised their price targets for Analog Devices, with Morgan Stanley increasing theirs from $273 to $288, reflecting a strong consensus among analysts that includes two Strong Buy ratings and a current average target price of $273.53.

Ascent Group LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 176.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,314 shares of the semiconductor company's stock after purchasing an additional 13,593 shares during the quarter. Ascent Group LLC's holdings in Analog Devices were worth $4,298,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Analog Devices by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after buying an additional 359,841 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Analog Devices by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after acquiring an additional 2,407,460 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Analog Devices by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company's stock worth $793,616,000 after acquiring an additional 12,666 shares in the last quarter. Amundi boosted its position in shares of Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after acquiring an additional 880,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Analog Devices by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the sale, the senior vice president directly owned 13,549 shares of the company's stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president owned 63,048 shares of the company's stock, valued at $15,525,570. This represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,115 shares of company stock valued at $9,529,113 over the last 90 days. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on ADI shares. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Seaport Res Ptn raised shares of Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $250.00 to $270.00 in a research note on Wednesday, June 18th. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Finally, Citigroup reaffirmed a "buy" rating and issued a $290.00 price objective (up from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Trading Down 1.2%

Shares of NASDAQ ADI traded down $3.03 during midday trading on Friday, hitting $245.21. The company's stock had a trading volume of 2,109,962 shares, compared to its average volume of 3,912,930. 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 $120.63 billion, a P/E ratio of 62.55, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. The business's 50 day moving average is $238.99 and its two-hundred day moving average is $220.41.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted $1.58 EPS. Analog Devices's quarterly 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. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

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

Analog Devices Company 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.