Empowered Funds LLC Invests $33.01 Million in Analog Devices, Inc. $ADI

Key Points

• Empowered Funds LLC bought 83,101 Analog Devices shares worth approximately $33.01 million during the second quarter. Institutional investors collectively own 86.81% of ADI’s outstanding stock.
• Analog Devices reported quarterly earnings of $3.45 per share and revenue of $4.02 billion, exceeding analyst expectations; revenue increased 39.2% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $454.63.
• Company insiders sold 47,957 shares worth about $18.9 million over the past quarter, while Analog Devices declared a quarterly dividend of $1.10 per share, equivalent to a 1.2% annualized yield.

Empowered Funds LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 83,101 shares of the semiconductor company's stock, valued at approximately $33,005,000.

Other large investors have also recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC raised its stake in shares of Analog Devices by 2.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock worth $396,000 after buying an additional 27 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in Analog Devices by 1.5% in the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after buying an additional 27 shares in the last quarter. Silicon Valley Capital Partners lifted its position in shares of Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock valued at $214,000 after acquiring an additional 27 shares during the period. Sound Income Strategies LLC lifted its position in shares of Analog Devices by 12.0% during the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 30 shares during the period. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company's stock worth $182,000 after acquiring an additional 32 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $49,926,294. The trade was a 6.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. 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. Over the last quarter, insiders have sold 47,957 shares of company stock valued at $18,894,431. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Cowen restated a "buy" rating and issued a $460.00 price target on shares of Analog Devices in a report on Thursday, August 20th. Citigroup boosted their target price on Analog Devices from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Jefferies Financial Group upped their target price on Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a report on Wednesday, May 20th. Barclays raised their price target on Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, May 21st. Finally, Truist Financial boosted their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the stock a "hold" rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of "Buy" and an average price target of $454.63.

Analog Devices Price Performance

ADI stock opened at $374.52 on Friday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The stock's 50 day moving average price is $384.22 and its 200 day moving average price is $373.02. The firm has a market cap of $181.48 billion, a P/E ratio of 44.43, a PEG ratio of 0.76 and a beta of 1.20.

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

Analog Devices Announces Dividend

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

About Analog Devices

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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