Assenagon Asset Management S.A. Boosts Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Assenagon Asset Management S.A. increased its position in Analog Devices, Inc. by 13.4% during the 2nd quarter, acquiring an additional 57,224 shares for a total holding of 484,949 shares valued at approximately $115 million.
• Several hedge funds, including Vanguard Group Inc. and Price T Rowe Associates Inc., have also raised their stakes in Analog Devices, contributing to over 86% institutional ownership of the stock.
• Analog Devices announced a quarterly dividend of $0.99 per share, resulting in an annualized yield of 1.6%, despite a high payout ratio of 101.02%.

Assenagon Asset Management S.A. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 13.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 484,949 shares of the semiconductor company's stock after purchasing an additional 57,224 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Analog Devices worth $115,428,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management boosted its stake in Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 127 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $27,000. Menard Financial Group LLC bought a new position in Analog Devices in the 4th quarter valued at approximately $27,000. 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 bought a new stake in shares of Analog Devices in the 1st quarter worth $33,000. Institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $1.92 during midday trading on Monday, reaching $247.25. 2,109,516 shares of the company were exchanged, compared to its average volume of 3,878,644. 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 business's fifty day moving average is $239.18 and its two-hundred day moving average is $221.02. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The stock has a market cap of $121.64 billion, a PE ratio of 63.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last released 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 net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business earned $1.58 earnings per share. Analog Devices's quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on ADI shares. Zacks Research upgraded Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Truist Financial raised their target price on shares of Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, August 21st. Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Evercore ISI raised their price target on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, Citigroup restated a "buy" rating and issued a $290.00 price target (up from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director owned 155,071 shares of the company's stock, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction on Thursday, August 21st. The shares were 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 in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,240 shares of company stock worth $10,300,738. Insiders own 0.33% of the company's stock.

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.