Brasada Capital Management LP Takes Position in Analog Devices, Inc. $ADI

Key Points

• Brasada Capital Management initiated a position in Analog Devices during the second quarter, purchasing 18,223 shares valued at approximately $7.24 million. Institutional investors and hedge funds collectively own 86.81% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $454.63; several firms recently raised their targets, including KeyCorp to $525.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, equivalent to a 1.2% yield.

Brasada Capital Management LP bought a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 18,223 shares of the semiconductor company's stock, valued at approximately $7,238,000.

Other hedge funds have also bought and sold shares of the company. ING Groep NV boosted its position in Analog Devices by 45.1% in the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after buying an additional 69,202 shares during the last quarter. MGO One Seven LLC increased its holdings in Analog Devices by 17.7% in the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock worth $12,352,000 after buying an additional 6,846 shares during the period. Natixis Advisors LLC raised its position in Analog Devices by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after buying an additional 23,531 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after acquiring an additional 10,648 shares during the period. Finally, National Pension Service lifted its stake in Analog Devices by 0.5% during the 4th quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company's stock valued at $367,212,000 after acquiring an additional 6,492 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the sale, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company's stock, valued at approximately $49,926,294. The trade was a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 47,957 shares of company stock worth $18,894,431 over the last quarter. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ADI shares. Morgan Stanley raised their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Evercore reaffirmed an "outperform" rating and set a $474.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Wolfe Research reiterated an "outperform" rating and set a $475.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. KeyCorp boosted their price objective on Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Finally, Citigroup upped their target price on Analog Devices from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $454.63.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $374.52 on Friday. The company's fifty day moving average price is $384.22 and its 200 day moving average price is $373.02. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a market capitalization of $181.48 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm's revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's payout ratio is currently 52.19%.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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