Goldman Sachs Group Inc. Decreases Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Analog Devices, Inc. by 0.1% in the 1st quarter, bringing their total to 2,807,486 shares worth approximately $566 million.
• Analog Devices reported a 24.6% year-over-year increase in revenue for the latest quarter, totaling $2.88 billion, and an EPS of $2.05, surpassing analysts' estimates.
• The company announced a quarterly dividend of $0.99, scheduled for payment on September 16th, yielding an annualized return of 1.6% and indicating a payout ratio of over 101%.

Goldman Sachs Group Inc. reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,807,486 shares of the semiconductor company's stock after selling 3,009 shares during the quarter. Goldman Sachs Group Inc. owned 0.57% of Analog Devices worth $566,186,000 at the end of the most recent quarter.

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

Analog Devices Trading Up 0.4%

NASDAQ ADI opened at $247.07 on Monday. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. 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 company has a market capitalization of $121.55 billion, a price-to-earnings ratio of 63.03, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company's fifty day moving average price is $238.54 and its two-hundred day moving average price is $219.88.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating 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 the consensus estimate of $2.76 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm's 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 predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares in the company, valued at approximately $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 three months, insiders have sold 25,615 shares of company stock worth $6,450,988. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on ADI. TD Cowen boosted their target price on shares of Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company boosted their target price on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Noble Financial raised shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. Finally, Evercore ISI boosted their target price on shares of Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Two investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

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.

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