Bahl & Gaynor Inc. Boosts Stake in Analog Devices, Inc. $ADI

Key Points

• Bahl & Gaynor Inc. increased its stake in Analog Devices, Inc. by 3.4%, owning 301,788 shares valued at $60.86 million after acquiring an additional 9,786 shares.
• Multiple analysts have upgraded their ratings on Analog Devices, with Barclays raising the price target from $185 to $240 and a consensus rating of "Moderate Buy" with a target of $273.53.
• Analog Devices reported earnings of $2.05 per share for the last quarter, exceeding expectations and marking a 24.6% year-over-year revenue growth.

Bahl & Gaynor Inc. increased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,788 shares of the semiconductor company's stock after buying an additional 9,786 shares during the period. Bahl & Gaynor Inc. owned 0.06% of Analog Devices worth $60,861,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 529 shares during the last quarter. Jump Financial LLC increased its position in shares of Analog Devices by 4.0% during the 4th quarter. Jump Financial LLC now owns 1,888 shares of the semiconductor company's stock valued at $401,000 after purchasing an additional 73 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Analog Devices by 7.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 6,923 shares of the semiconductor company's stock valued at $1,471,000 after purchasing an additional 497 shares during the last quarter. MGO One Seven LLC increased its position in shares of Analog Devices by 2.6% during the 4th quarter. MGO One Seven LLC now owns 3,492 shares of the semiconductor company's stock valued at $742,000 after purchasing an additional 87 shares during the last quarter. Finally, Burling Wealth Partners LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $515,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cowen reissued a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Barclays increased their price target on Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday. Raymond James Financial upgraded Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Finally, Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Stock Up 2.1%

Analog Devices stock opened at $252.20 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.51. The stock has a market capitalization of $125.15 billion, a price-to-earnings ratio of 64.34, a PEG ratio of 2.19 and a beta of 1.05. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $257.22. The business has a fifty day moving average price of $234.80 and a 200-day moving average price of $217.35.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.

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.

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