Findlay Park Partners LLP Grows Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Findlay Park Partners LLP has increased its stake in Analog Devices, Inc. by 38.8%, now holding a total of 675,718 shares worth approximately $136 million.
• Analog Devices reported strong earnings with revenues of $2.88 billion for the last quarter, surpassing analysts' expectations and resulting in a 24.6% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.99 per share, representing an annualized yield of 1.6%, despite a high payout ratio of 101.02%.

Findlay Park Partners LLP lifted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 675,718 shares of the semiconductor company's stock after purchasing an additional 189,000 shares during the period. Findlay Park Partners LLP owned 0.14% of Analog Devices worth $136,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Orion Capital Management LLC bought a new position in Analog Devices in the fourth quarter worth about $27,000. Menard Financial Group LLC bought a new position in Analog Devices in the fourth quarter worth about $27,000. Alpine Bank Wealth Management bought a new position in Analog Devices in the first quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new position in Analog Devices in the first quarter worth about $33,000. Finally, North Capital Inc. bought a new position in Analog Devices in the first quarter worth about $36,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 20,000 shares of the company's stock in a transaction 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 approximately $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction 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 completion of the sale, the senior vice president 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,615 shares of company stock valued at $6,450,988. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADI. The Goldman Sachs Group started coverage on shares of Analog Devices in a research note on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target for the company. Truist Financial boosted their price objective on shares of Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a research note on Thursday, August 21st. Cantor Fitzgerald raised shares of Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $250.00 to $270.00 in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average target price of $273.53.

Analog Devices Price Performance

NASDAQ:ADI traded down $2.94 during trading hours on Friday, hitting $251.31. 3,598,994 shares of the stock traded hands, compared to its average volume of 3,949,447. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The company has a market cap of $123.63 billion, a price-to-earnings ratio of 64.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The stock has a 50 day moving average price of $237.29 and a 200 day moving average price of $219.10.

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 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 business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company'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. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices's payout ratio is currently 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.