DAVENPORT & Co LLC Has $133.08 Million Stake in Analog Devices, Inc. $ADI

Key Points

• DAVENPORT & Co LLC increased its stake in Analog Devices by 22% during the second quarter, owning roughly $133 million worth of the company's stock.
• Recent insider sales included SVP Martin Cotter selling 12,500 shares valued at over $3 million, indicating a 16.55% decrease in his ownership.
• Analog Devices reported a quarterly earnings per share (EPS) of $2.05, exceeding expectations and representing a 24.6% increase in revenue year-over-year.

DAVENPORT & Co LLC raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 22.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 559,663 shares of the semiconductor company's stock after acquiring an additional 100,986 shares during the quarter. DAVENPORT & Co LLC owned about 0.11% of Analog Devices worth $133,079,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ADI. Activest Wealth Management increased its holdings in Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Analog Devices in the 1st quarter valued at $33,000. North Capital Inc. acquired a new position in shares of Analog Devices during the 1st quarter valued at $36,000. Finally, Wolff Wiese Magana LLC boosted its stake in Analog Devices by 209.8% during the first quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 128 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the business's 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 directly owned 155,071 shares in the company, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 51,240 shares of company stock valued at $12,737,838. Insiders own 0.33% of the company's stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $241.99 on Monday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The stock has a market cap of $119.05 billion, a PE ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The stock's fifty day simple moving average is $240.89 and its two-hundred day simple moving average is $223.42. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm'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. As a group, analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid 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 was Tuesday, September 2nd. Analog Devices's payout ratio is presently 101.02%.

Analyst Ratings Changes

Several research firms have weighed in on ADI. Truist Financial lifted their price target on shares of Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research note on Thursday, August 21st. Morgan Stanley raised their target price on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Benchmark increased their price target on Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $275.29.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.