Cresset Asset Management LLC Has $29.98 Million Stock Position in Analog Devices, Inc. $ADI

Key Points

• Cresset Asset Management LLC increased its position in Analog Devices, owning 148,680 shares valued at approximately $29.98 million as of the latest SEC disclosure.
• Analog Devices reported earnings per share of $1.85 for the recent quarter, surpassing estimates, and showed a 22.3% year-over-year revenue increase to $2.64 billion.
• The company recently declared a quarterly dividend of $0.99 per share, with a current dividend yield of 1.7% and a payout ratio of 107.90%.

Cresset Asset Management LLC lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 23.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,680 shares of the semiconductor company's stock after purchasing an additional 28,287 shares during the quarter. Cresset Asset Management LLC's holdings in Analog Devices were worth $29,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Analog Devices by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after purchasing an additional 359,841 shares in the last quarter. Northern Trust Corp boosted its position in shares of Analog Devices by 8.4% during the fourth quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock worth $1,173,026,000 after purchasing an additional 427,328 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Analog Devices by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,715,313 shares of the semiconductor company's stock worth $789,356,000 after purchasing an additional 181,309 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Analog Devices by 25.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock worth $708,260,000 after purchasing an additional 668,023 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Analog Devices by 9.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,221,053 shares of the semiconductor company's stock worth $684,345,000 after purchasing an additional 266,532 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADI. UBS Group reduced their price target on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Wells Fargo & Company set a $235.00 price objective on shares of Analog Devices and gave the stock an "equal weight" rating in a report on Monday, June 16th. Cfra Research lowered shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group assumed coverage on shares of Analog Devices in a report on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $267.39.

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 dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Analog Devices Stock Up 1.0%

ADI stock traded up $2.5430 during midday trading on Thursday, hitting $247.4130. The company's stock had a trading volume of 2,706,791 shares, compared to its average volume of 3,954,570. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $249.58. The company's fifty day moving average price is $233.96 and its 200 day moving average price is $216.74. The stock has a market capitalization of $122.78 billion, a P/E ratio of 67.47, a PEG ratio of 2.12 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. Analog Devices's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current 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 paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices's dividend payout ratio is presently 107.90%.

Analog Devices Profile

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.