Great Lakes Advisors LLC Cuts Stock Position in Analog Devices, Inc. $ADI

Key Points

• Great Lakes Advisors LLC reduced its stake in Analog Devices by 94.7%, holding only 2,811 shares after selling 50,220 shares in Q1.
• Analog Devices reported a 24.6% increase in quarterly revenue year-over-year, achieving $2.88 billion, with earnings per share of $2.05 that exceeded analysts' expectations.
• The company announced a quarterly dividend of $0.99 per share, reflecting a 1.6% dividend yield, with a payout ratio of 101.02%.

Great Lakes Advisors LLC decreased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 94.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,811 shares of the semiconductor company's stock after selling 50,220 shares during the quarter. Great Lakes Advisors LLC's holdings in Analog Devices were worth $567,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after purchasing an additional 529 shares in the last quarter. Graham Capital Management L.P. bought a new stake in Analog Devices in the 4th quarter worth about $333,000. NorthRock Partners LLC increased its holdings in Analog Devices by 51.3% in the 4th quarter. NorthRock Partners LLC now owns 6,160 shares of the semiconductor company's stock worth $1,309,000 after buying an additional 2,088 shares in the last quarter. Man Group plc raised its position in Analog Devices by 8.2% in the 4th quarter. Man Group plc now owns 7,972 shares of the semiconductor company's stock worth $1,694,000 after buying an additional 601 shares during the last quarter. Finally, Malaga Cove Capital LLC bought a new position in Analog Devices during the 4th quarter valued at about $257,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

Shares of ADI opened at $248.24 on Friday. The business has a 50-day simple moving average of $238.99 and a two-hundred day simple moving average of $220.41. 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 52 week low of $158.65 and a 52 week high of $258.13. The stock has a market cap of $122.12 billion, a price-to-earnings ratio of 63.33, a PEG ratio of 2.09 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion for 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 business's quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend 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 Activity

In related news, SVP Martin Cotter sold 12,500 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the transaction, the senior vice president owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This represents a 16.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 38,115 shares of company stock valued at $9,529,113 over the last 90 days. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ADI shares. The Goldman Sachs Group assumed coverage on shares of Analog Devices in a report on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective for the company. Zacks Research upgraded shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Noble Financial upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Truist Financial lifted their price objective on Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, August 21st. Finally, KeyCorp increased their target price on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Company 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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