Berkshire Asset Management LLC PA Acquires 1,496 Shares of Analog Devices, Inc. $ADI

Key Points

• Berkshire Asset Management LLC PA increased its stake in Analog Devices, Inc. by 34.0% during the 1st quarter, owning a total of 5,896 shares valued at approximately $1.2 million.
• Several analysts have raised their ratings on Analog Devices, with a consensus rating of "Moderate Buy" and an average price target of $258.89.
• Analog Devices reported earnings of $1.85 per share, exceeding estimates, with revenue of $2.64 billion, marking a 22.3% year-over-year increase.

Berkshire Asset Management LLC PA increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,896 shares of the semiconductor company's stock after purchasing an additional 1,496 shares during the period. Berkshire Asset Management LLC PA's holdings in Analog Devices were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ADI. Hemington Wealth Management increased its position in shares of Analog Devices by 11.4% during the first quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock valued at $108,000 after acquiring an additional 55 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Analog Devices by 14.8% during the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after acquiring an additional 57 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Analog Devices by 0.4% during the first quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock valued at $2,929,000 after acquiring an additional 58 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Analog Devices by 1.1% during the first quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company's stock valued at $1,147,000 after acquiring an additional 60 shares during the last quarter. Finally, Sfmg LLC grew its holdings in Analog Devices by 2.7% during the first quarter. Sfmg LLC now owns 2,301 shares of the semiconductor company's stock valued at $464,000 after purchasing an additional 60 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADI. Wells Fargo & Company increased their price objective on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday. Williams Trading set a $260.00 price objective on Analog Devices in a report on Friday, May 23rd. Cfra Research lowered Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Citigroup reissued a "buy" rating and set a $290.00 price objective (up from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Finally, Stifel Nicolaus increased their price objective on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company's stock.

Analog Devices Stock Performance

Shares of Analog Devices stock traded up $5.25 during trading hours on Friday, reaching $252.20. The company had a trading volume of 4,988,997 shares, compared to its average volume of 3,656,419. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $257.22. The business has a fifty day simple moving average of $234.80 and a 200 day simple moving average of $217.35. 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 firm has a market cap of $125.15 billion, a PE ratio of 64.34, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05.

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

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued 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 dividend payout ratio (DPR) is presently 101.02%.

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.