GC Wealth Management RIA LLC Increases Stake in Analog Devices, Inc. $ADI

Key Points

• GC Wealth Management RIA LLC significantly increased its stake in Analog Devices, Inc. by 584.1% during the second quarter, owning 14,113 shares valued at $3,359,000.
• Several analysts have upgraded their ratings and price targets for Analog Devices, with a consensus target of $273.53 and two analysts assigning a Strong Buy rating.
• Analog Devices recently reported earnings of $2.05 per share for the quarter, surpassing expectations and indicating a 24.6% increase in revenue year-over-year.

GC Wealth Management RIA LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 584.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,113 shares of the semiconductor company's stock after buying an additional 12,050 shares during the period. GC Wealth Management RIA LLC's holdings in Analog Devices were worth $3,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after purchasing an additional 529 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Analog Devices in the fourth quarter worth about $906,000. Wellington Management Group LLP raised its position in Analog Devices by 67.7% during the 4th quarter. Wellington Management Group LLP now owns 72,698 shares of the semiconductor company's stock worth $15,445,000 after buying an additional 29,349 shares during the last quarter. AdvisorNet Financial Inc raised its position in Analog Devices by 8.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,209 shares of the semiconductor company's stock worth $244,000 after buying an additional 90 shares during the last quarter. Finally, Advisory Alpha LLC raised its position in Analog Devices by 7.4% during the 1st quarter. Advisory Alpha LLC now owns 1,383 shares of the semiconductor company's stock worth $279,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ADI shares. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Evercore ISI lifted their price objective on Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Citigroup reiterated a "buy" rating and set a $290.00 price target (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Finally, KeyCorp lifted their price target on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Two 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Price Performance

ADI stock opened at $247.56 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The business has a 50 day simple moving average of $239.79 and a 200-day simple moving average of $222.25. The firm has a market capitalization of $121.79 billion, a PE ratio of 63.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's dividend payout ratio is currently 101.02%.

Insider Activity

In related news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the transaction, the chief executive officer directly 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 SEC, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 13,549 shares of the company's stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,240 shares of company stock worth $10,300,738. Corporate insiders own 0.33% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.