Ironvine Capital Partners LLC Sells 12,339 Shares of Analog Devices, Inc. $ADI

Key Points

• Ironvine Capital Partners LLC reduced its investment in Analog Devices by 5.5%, selling 12,339 shares and now holding 211,373 shares valued at approximately $42.6 million.
• Analysts are optimistic about Analog Devices, with target prices raised by several firms, including Oppenheimer's increase to $265 and Citigroup's to $290, indicating a consensus rating of "Moderate Buy".
• The company reported earnings of $2.05 per share for the last quarter, surpassing estimates, with a revenue of $2.88 billion, and announced a quarterly dividend of $0.99 per share.

Ironvine Capital Partners LLC trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 211,373 shares of the semiconductor company's stock after selling 12,339 shares during the period. Analog Devices accounts for approximately 4.6% of Ironvine Capital Partners LLC's portfolio, making the stock its 8th largest position. Ironvine Capital Partners LLC's holdings in Analog Devices were worth $42,628,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ADI. Price T Rowe Associates Inc. MD raised its holdings in 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 worth $2,304,098,000 after purchasing an additional 2,407,460 shares in the last quarter. GAMMA Investing LLC raised its holdings in Analog Devices by 25,460.1% during the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after purchasing an additional 2,203,062 shares in the last quarter. Nuveen LLC purchased a new position in Analog Devices during the first quarter worth about $351,943,000. Deutsche Bank AG raised its holdings in Analog Devices by 71.0% during the fourth quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock worth $458,683,000 after purchasing an additional 896,694 shares in the last quarter. Finally, Amundi raised its holdings in Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after purchasing an additional 880,636 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In related news, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The stock was 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 in the company, valued at approximately $40,088,010.33. This trade represents a 1.83% 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 three months. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Wells Fargo & Company increased their price target on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. TD Cowen increased their target price on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Citigroup reaffirmed a "buy" rating and issued a $290.00 target price (up from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Finally, Truist Financial increased their target price on shares of Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Price Performance

Shares of ADI stock traded down $0.80 during trading hours on Tuesday, hitting $248.18. The company's stock had a trading volume of 2,094,295 shares, compared to its average volume of 3,941,078. The business has a fifty day moving average of $238.76 and a 200-day moving average of $219.95. The stock has a market cap of $122.09 billion, a price-to-earnings ratio of 63.31, a P/E/G ratio of 2.10 and a beta of 1.08. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company's quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

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. The ex-dividend date is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices's dividend payout ratio is currently 101.02%.

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.