Ieq Capital LLC Purchases New Stake in Analog Devices, Inc. $ADI

Key Points

• Ieq Capital initiated a significant Analog Devices position, purchasing 49,457 shares worth approximately $19.6 million in the second quarter. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported strong quarterly results, with revenue rising 39.2% year over year to $4.02 billion and EPS of $3.45, beating analyst estimates. Management guided for fourth-quarter EPS of $3.71–$4.01, supported by momentum in AI and data-center applications.
• Analyst sentiment remains broadly positive: ADI has a “Moderate Buy” consensus rating and an average price target of $447.13, although the stock’s elevated valuation and higher interest rates pose risks. The company also declared a quarterly dividend of $1.10 per share, yielding approximately 1.2%.

Ieq Capital LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,457 shares of the semiconductor company's stock, valued at approximately $19,643,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings 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 valued at $397,000 after purchasing an additional 529 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Analog Devices by 36.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company's stock worth $417,000 after buying an additional 464 shares during the last quarter. HUB Investment Partners LLC bought a new stake in shares of Analog Devices during the 2nd quarter worth about $644,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Analog Devices by 2.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company's stock worth $14,322,000 after buying an additional 1,406 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Analog Devices by 30.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,297,655 shares of the semiconductor company's stock valued at $308,868,000 after buying an additional 300,789 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADI shares. Morgan Stanley increased their price target on shares of Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a report on Thursday. Cantor Fitzgerald restated an "overweight" rating and set a $550.00 price objective on shares of Analog Devices in a report on Monday, August 17th. Sanford C. Bernstein raised Analog Devices from a "market perform" rating to an "outperform" rating and upped their target price for the company from $430.00 to $465.00 in a research report on Wednesday. Bank of America increased their target price on Analog Devices from $425.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Finally, Needham & Company LLC boosted their price target on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $447.13.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $373.09 on Friday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a quick ratio of 1.34, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $388.25 and a two-hundred day simple moving average of $371.11. The stock has a market capitalization of $180.79 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts forecast that Analog Devices, Inc. will post 12.72 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's payout ratio is 52.19%.

Insider Buying and Selling

In related news, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total transaction of $534,355.92. Following the sale, the director owned 114,511 shares of the company's stock, valued at $43,213,016.07. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the transaction, the chief executive officer owned 137,538 shares in the company, valued at approximately $49,926,294. This trade represents a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 75,274 shares of company stock worth $30,343,386. 0.36% of the stock is owned by corporate insiders.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Strong earnings and guidance: ADI reported record fiscal Q3 revenue of $4.02 billion, up about 40% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also exceeded expectations. Management’s fiscal Q4 EPS outlook of $3.71 to $4.01 points to continued momentum. Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: AI and data-center growth: Revenue from data-center applications reportedly more than doubled, while demand tied to AI infrastructure, power management, optical connectivity and energy systems is creating a multiyear growth opportunity. Management highlighted a potential 100-gigawatt data-center buildout by 2031. Analog Devices Q3 Earnings Call Highlights AI Power Growth Runway
• Positive Sentiment: Broad analyst support: JPMorgan raised its price target to $500 and maintained an Overweight rating. Needham, TD Cowen and Susquehanna also reiterated Buy-equivalent ratings, with targets ranging from $450 to $475. These revisions reflect confidence in AI demand, margin expansion and an improving industrial recovery. Analog Devices Is Cashing in on the AI Boom
• Neutral Sentiment: Relative investment appeal: Comparisons with Texas Instruments and dividend-focused AI investment ideas portray ADI as a financially solid way to gain analog-chip and AI exposure, though they do not represent new company-specific catalysts. ADI vs. TXN: Which Analog Processing Chip Stock Has an Edge Right Now?
• Negative Sentiment: Macro and valuation risks: Semiconductor stocks faced pressure from a sharp rise in the 30-year Treasury yield, which can weigh on high-valuation growth shares. One analysis also downgraded ADI, arguing that multiple contraction and elevated expectations could limit gains despite strong fundamentals. Chip Stocks Fell on Higher Treasury Yields

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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