Envestnet Portfolio Solutions Inc. Grows Stock Position in Analog Devices, Inc. $ADI

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Analog Devices, Inc. by 14.3% during the second quarter, bringing its total ownership to 73,132 shares worth approximately $17.4 million.
• Multiple hedge funds have also boosted their positions in Analog Devices, with significant increases of up to 385.1% by SG Americas Securities in the first quarter before the latest filings.
• Recently, analysts have generally rated Analog Devices positively, with upgrades leading to a new target price of $249.00 and an average rating of "Moderate Buy".

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,132 shares of the semiconductor company's stock after purchasing an additional 9,138 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Analog Devices were worth $17,407,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after acquiring an additional 529 shares in the last quarter. GAMMA Investing LLC increased its holdings in Analog Devices by 26.7% in the 1st quarter. GAMMA Investing LLC now owns 10,967 shares of the semiconductor company's stock worth $2,212,000 after acquiring an additional 2,314 shares in the last quarter. SG Americas Securities LLC increased its holdings in Analog Devices by 385.1% in the 1st quarter. SG Americas Securities LLC now owns 10,105 shares of the semiconductor company's stock worth $2,038,000 after acquiring an additional 13,649 shares in the last quarter. CVA Family Office LLC increased its holdings in Analog Devices by 51.0% in the 1st quarter. CVA Family Office LLC now owns 394 shares of the semiconductor company's stock worth $79,000 after acquiring an additional 133 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in Analog Devices by 33.0% in the 1st quarter. Missouri Trust & Investment Co now owns 266 shares of the semiconductor company's stock worth $54,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ADI shares. Noble Financial raised shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Weiss Ratings reissued a "buy (b-)" rating on shares of Analog Devices in a report on Wednesday, October 8th. Truist Financial increased their target price on shares of Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, August 21st. Seaport Res Ptn raised shares of Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Finally, Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $275.29.

Analog Devices Trading Up 4.1%

ADI stock opened at $234.67 on Tuesday. The company has a market capitalization of $115.45 billion, a price-to-earnings ratio of 59.86, a PEG ratio of 1.90 and a beta of 1.09. The business has a 50 day simple moving average of $241.91 and a two-hundred day simple moving average of $224.55. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 10.32% and a net margin of 18.85%.Analog Devices's revenue was up 24.6% on a year-over-year basis. During the same period last year, the company earned $1.58 earnings per share. 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 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. Shareholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.7%. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Insiders Place Their Bets

In other Analog Devices 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 sale, the senior vice president owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at approximately $34,148,157.78. The trade was a 6.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,240 shares of company stock valued at $12,980,578. Insiders own 0.33% of the company's stock.

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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