Analog Devices, Inc. $ADI Shares Acquired by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Analog Devices, Inc. by 26.5%, acquiring an additional 6,536 shares, bringing its total holdings to 31,204 shares valued at approximately $7.4 million.
• Wall Street analysts have raised their price targets for Analog Devices, with a consensus rating of "Moderate Buy" and an average target price of $273.53.
• Analog Devices recently declared a quarterly dividend of $0.99 per share, resulting in an annualized yield of 1.6%, though its dividend payout ratio is notably high at 101.02%.

Exchange Traded Concepts LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 26.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,204 shares of the semiconductor company's stock after buying an additional 6,536 shares during the period. Exchange Traded Concepts LLC's holdings in Analog Devices were worth $7,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADI. Activest Wealth Management raised its holdings in Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after buying an additional 127 shares during the period. Orion Capital Management LLC purchased a new stake in Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the 4th quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the 1st quarter valued at about $27,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Analog Devices in the 1st quarter valued at about $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,240 shares of company stock valued at $10,300,738 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ADI. Zacks Research upgraded shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. The Goldman Sachs Group began coverage on Analog Devices in a research report on Thursday, July 10th. They issued a "buy" rating and a $285.00 target price for the company. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Stifel Nicolaus lifted their target price on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, UBS Group dropped their target price on Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a research report on Monday, July 7th. Two 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Stock Up 0.8%

Shares of ADI stock traded up $2.01 during trading hours on Monday, reaching $247.34. 2,166,035 shares of the stock were exchanged, compared to its average volume of 2,979,948. The business's fifty day moving average is $239.26 and its two-hundred day moving average is $221.17. 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, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The firm has a market capitalization of $121.68 billion, a P/E ratio of 63.10, a P/E/G ratio of 2.07 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The business's quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. 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 dividend payout ratio is presently 101.02%.

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.