Covea Finance Has $10.47 Million Stake in Analog Devices, Inc. $ADI

Key Points

• Covea Finance increased its stake in Analog Devices, Inc. by 19.9%, owning 44,000 shares valued at $10.47 million as of the latest SEC disclosure.
• Analog Devices reported $2.05 EPS for the quarter, surpassing consensus estimates, alongside a revenue of $2.88 billion, marking a 24.6% year-over-year increase.
• The company recently announced a quarterly dividend of $0.99 per share, representing a 1.6% dividend yield and a payout ratio of 101.02%.

Covea Finance increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,000 shares of the semiconductor company's stock after buying an additional 7,300 shares during the period. Covea Finance's holdings in Analog Devices were worth $10,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Oregon Pacific Wealth Management LLC acquired a new position in shares of Analog Devices in the second quarter valued at $230,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Analog Devices by 0.6% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,259 shares of the semiconductor company's stock valued at $1,966,000 after acquiring an additional 50 shares in the last quarter. Revisor Wealth Management LLC acquired a new position in shares of Analog Devices in the second quarter valued at about $312,000. West Oak Capital LLC grew its stake in shares of Analog Devices by 7.0% in the second quarter. West Oak Capital LLC now owns 12,976 shares of the semiconductor company's stock valued at $3,088,000 after acquiring an additional 847 shares in the last quarter. Finally, Crew Capital Management Ltd. acquired a new position in shares of Analog Devices in the second quarter valued at about $1,027,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Performance

NASDAQ:ADI opened at $247.34 on Tuesday. The company has a market capitalization of $121.68 billion, a PE ratio of 63.10, a P/E/G ratio of 2.07 and a beta of 1.08. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The company has a 50 day simple moving average of $239.26 and a two-hundred day simple moving average of $221.17.

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

Analog Devices Dividend Announcement

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

Insider Activity at Analog Devices

In related news, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the transaction, the director owned 155,071 shares in the company, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,240 shares of company stock worth $10,300,738. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ADI shares. Zacks Research raised shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Stifel Nicolaus upped their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays upped their price objective on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Wells Fargo & Company upped their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Finally, UBS Group dropped their target price on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $273.53.

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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