Horizon Investments LLC Cuts Position in Analog Devices, Inc. $ADI

Key Points

• Horizon Investments LLC reduced its stake in Analog Devices, Inc. by 16.3%, selling 3,848 shares, and now holds 19,814 shares worth approximately $3,996,000.
• Analog Devices reported a revenue increase of 22.3% year-over-year, with earnings per share (EPS) of $1.85, surpassing expectations of $1.70.
• The company declared a quarterly dividend of $0.99 per share, resulting in an annualized dividend of $3.96 and a yield of 1.7%.

Horizon Investments LLC lowered its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,814 shares of the semiconductor company's stock after selling 3,848 shares during the quarter. Horizon Investments LLC's holdings in Analog Devices were worth $3,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ADI. Hemington Wealth Management raised its position in shares of Analog Devices by 11.4% in the 1st quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock worth $108,000 after acquiring an additional 55 shares in the last quarter. Continuum Advisory LLC boosted its position in Analog Devices by 14.8% during the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after purchasing an additional 57 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Analog Devices by 0.4% in the first quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock valued at $2,929,000 after purchasing an additional 58 shares during the last quarter. Alps Advisors Inc. raised its holdings in Analog Devices by 1.1% in the first quarter. Alps Advisors Inc. now owns 5,688 shares of the semiconductor company's stock worth $1,147,000 after purchasing an additional 60 shares in the last quarter. Finally, Sfmg LLC lifted its position in shares of Analog Devices by 2.7% during the first quarter. Sfmg LLC now owns 2,301 shares of the semiconductor company's stock valued at $464,000 after buying an additional 60 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADI. Stifel Nicolaus lifted their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Benchmark reaffirmed a "buy" rating and set a $260.00 price target (down from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. Noble Financial upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $250.00 to $270.00 in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group started coverage on Analog Devices in a research note on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $258.89.

Analog Devices Stock Performance

NASDAQ:ADI traded up $14.43 during mid-day trading on Wednesday, hitting $244.87. The company's stock had a trading volume of 8,527,034 shares, compared to its average volume of 3,561,183. The business's fifty day moving average is $233.96 and its two-hundred day moving average is $216.74. The stock has a market cap of $121.52 billion, a price-to-earnings ratio of 66.72, a PEG ratio of 2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.73.

Analog Devices (NASDAQ:ADI - Get Free Report) last released 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 business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%.The company's revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices's dividend payout ratio is presently 107.90%.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the sale, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by insiders.

About Analog Devices

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.