Ferguson Wellman Capital Management Inc. Has $54.92 Million Stock Position in Analog Devices, Inc. $ADI

Key Points

• Ferguson Wellman Capital Management increased its Analog Devices stake by 19.4% in the second quarter, purchasing 22,424 additional shares and bringing its holdings to 138,288 shares worth approximately $54.92 million.
• Analysts remain broadly positive on ADI, with an average “Buy” rating and a consensus price target of $454.63. Recent targets range from $460 to $525, despite the stock opening at $361.78 after a 3.4% decline.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in adjusted EPS and $4.02 billion in revenue, up 39.2% year over year. The company also declared a $1.10 quarterly dividend, while insiders sold nearly $19.3 million of shares during the quarter.

Ferguson Wellman Capital Management Inc. boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,288 shares of the semiconductor company's stock after buying an additional 22,424 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Analog Devices were worth $54,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADI. Banque Transatlantique SA bought a new stake in shares of Analog Devices during the fourth quarter worth $25,000. Contravisory Investment Management Inc. bought a new position in shares of Analog Devices in the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Analog Devices during the 2nd quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new stake in Analog Devices during the 4th quarter worth $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Analog Devices in the 4th quarter worth about $27,000. Institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ADI shares. Argus set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, May 26th. TD Cowen reaffirmed a "buy" rating and set a $460.00 price target on shares of Analog Devices in a research note on Thursday, August 20th. KeyCorp lifted their price target on shares of Analog Devices from $500.00 to $525.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Stifel Nicolaus boosted their price objective on shares of Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price objective on Analog Devices from $450.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $454.63.

Analog Devices Stock Down 3.4%

Analog Devices stock opened at $361.78 on Friday. The company has a market capitalization of $175.31 billion, a PE ratio of 42.92, a PEG ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The firm's fifty day moving average is $382.77 and its 200 day moving average is $372.95. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

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

Analog Devices Announces Dividend

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

Insider Transactions at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total transaction of $374,500.00. Following the transaction, the director directly owned 10,019 shares of the company's stock, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred 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 owned 137,538 shares in the company, valued at approximately $49,926,294. The trade was a 6.78% 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 sold 48,957 shares of company stock valued at $19,268,931. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Profile

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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