Banco Bilbao Vizcaya Argentaria S.A. Lowers Position in Analog Devices, Inc. $ADI

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stock position in Analog Devices, Inc. by 11.6%, now holding 80,232 shares valued at approximately $16.2 million.
• Despite the reduction by some investors, other institutions like Van Lanschot Kempen Investment Management N.V. increased their stake in Analog Devices by 93.0% during the same period.
• Analog Devices reported earnings of $1.85 per share, surpassing estimates, with revenue of $2.64 billion, reflecting a 22.3% year-over-year increase.

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,232 shares of the semiconductor company's stock after selling 10,559 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Analog Devices were worth $16,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Analog Devices by 39.5% in the fourth 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 period. Jump Financial LLC lifted its stake in shares of Analog Devices by 4.0% in the fourth 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 period. MML Investors Services LLC lifted its stake in shares of Analog Devices by 4.4% in the fourth quarter. MML Investors Services LLC now owns 78,612 shares of the semiconductor company's stock valued at $16,702,000 after purchasing an additional 3,288 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Analog Devices by 7.7% in the fourth 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 period. Finally, Stifel Financial Corp lifted its stake in shares of Analog Devices by 0.5% in the fourth quarter. Stifel Financial Corp now owns 803,884 shares of the semiconductor company's stock valued at $170,807,000 after purchasing an additional 4,098 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

ADI traded up $5.25 during midday trading on Friday, reaching $252.20. 4,988,997 shares of the company's stock were exchanged, compared to its average volume of 3,656,419. 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 PE ratio of 64.34, a P/E/G ratio of 2.19 and a beta of 1.05. The business's 50-day moving average price is $234.80 and its 200 day moving average price is $217.35. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $257.22.

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, beating analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company's revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's payout ratio is currently 101.02%.

Wall Street Analyst Weigh In

Several analysts recently commented on ADI shares. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. TD Cowen raised their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Stifel Nicolaus raised their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Morgan Stanley lifted their target price on shares of Analog Devices from $273.00 to $288.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 of the company's stock, valued at $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate 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.