Harrell Investment Partners LLC Grows Stake in Analog Devices, Inc. $ADI

Key Points

• Harrell Investment Partners LLC increased its stake in Analog Devices, Inc. by 10.5% during Q2, holding 20,729 shares valued at approximately $4.93 million.
• Major institutional investors, including Vanguard and Price T Rowe Associates, have also expanded their positions in Analog Devices, which is now predominantly owned (86.81%) by hedge funds and other institutions.
• Analog Devices recently reported a quarterly earnings per share of $2.05, exceeding estimates, with a quarterly revenue increase of 24.6% year-over-year.

Harrell Investment Partners LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 10.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,729 shares of the semiconductor company's stock after purchasing an additional 1,976 shares during the quarter. Analog Devices comprises approximately 1.2% of Harrell Investment Partners LLC's investment portfolio, making the stock its 26th biggest holding. Harrell Investment Partners LLC's holdings in Analog Devices were worth $4,934,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Analog Devices by 0.7% during the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock valued at $9,975,681,000 after buying an additional 359,841 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock valued at $2,304,098,000 after buying an additional 2,407,460 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Analog Devices by 0.3% during the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company's stock valued at $793,616,000 after buying an additional 12,666 shares during the last quarter. Amundi grew its holdings in shares of Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock valued at $785,071,000 after buying an additional 880,636 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Analog Devices by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company's stock valued at $685,109,000 after buying an additional 63,566 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the transaction, the director owned 155,071 shares in the company, valued at approximately $38,290,131.32. This represents a 1.98% 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, CEO Vincent Roche sold 20,000 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the transaction, the chief executive officer owned 23,515 shares of the company's stock, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,240 shares of company stock worth $10,300,738. 0.33% of the stock is currently owned by insiders.

Analog Devices Trading Up 0.7%

Shares of Analog Devices stock opened at $248.61 on Thursday. The firm has a 50-day simple moving average of $239.54 and a two-hundred day simple moving average of $221.53. The company has a market cap of $122.30 billion, a P/E ratio of 63.42, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts predict 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. Shareholders of record on Tuesday, September 2nd were given a $0.99 dividend. The ex-dividend date 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 101.02%.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research analyst reports. Benchmark boosted their price objective on shares of Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. KeyCorp upped their price target on shares of Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. 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. Finally, Cantor Fitzgerald raised shares of Analog Devices from a "neutral" rating to an "overweight" rating and upped their price target for the company from $250.00 to $270.00 in a report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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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