Flputnam Investment Management Co. Has $159.92 Million Stake in Analog Devices, Inc. $ADI

Key Points

• Flputnam Investment Management reduced its Analog Devices stake by 2.9% in the second quarter, selling 11,893 shares but retaining 402,638 shares worth approximately $159.9 million.
• Institutional ownership remains high at 86.81%, while insiders have sold 48,957 shares worth $19.3 million over the past 90 days.
• Analog Devices reported quarterly earnings and revenue above expectations, with revenue up 39.2% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $454.63, compared with a recent share price of $361.78.

Flputnam Investment Management Co. cut its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 402,638 shares of the semiconductor company's stock after selling 11,893 shares during the quarter. Analog Devices accounts for 1.9% of Flputnam Investment Management Co.'s portfolio, making the stock its 10th biggest holding. Flputnam Investment Management Co. owned approximately 0.08% of Analog Devices worth $159,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Analog Devices in the 2nd quarter valued at approximately $18,610,868,000. State Street Corp increased its position in shares of Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock valued at $6,369,833,000 after purchasing an additional 88,538 shares during the period. Morgan Stanley increased its position in shares of Analog Devices by 1.9% during the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock valued at $2,834,210,000 after purchasing an additional 194,535 shares during the period. Bank of America Corp DE raised its stake in shares of Analog Devices by 5.2% in the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after purchasing an additional 501,604 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Analog Devices by 24.7% in the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock worth $3,345,316,000 after purchasing an additional 1,670,957 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Activity at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the sale, the director directly owned 10,019 shares in the company, valued at $3,752,115.50. This trade represents a 9.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 48,957 shares of company stock worth $19,268,931. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADI. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Weiss Ratings raised shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Raymond James Financial reissued an "outperform" rating and issued a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Wolfe Research reaffirmed an "outperform" rating and issued a $475.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $480.00 price objective on shares of Analog Devices in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Buy" and an average price target of $454.63.

Analog Devices Stock Performance

NASDAQ:ADI opened at $361.78 on Friday. The stock has a market capitalization of $175.31 billion, a P/E ratio of 42.92, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The firm has a 50 day moving average of $382.77 and a 200-day moving average of $372.95.

Analog Devices (NASDAQ:ADI - Get Free Report) last released 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 return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the company earned $2.05 EPS. Analog Devices's revenue for the quarter 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 anticipate that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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