Kayne Anderson Rudnick Investment Management LLC Has $18.17 Million Holdings in Analog Devices, Inc. $ADI

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Analog Devices, Inc. to $18.17 million, acquiring an additional 1,337 shares in the first quarter.
• A number of institutional investors are showing interest, with several firms acquiring new positions in Analog Devices, contributing to 86.81% institutional ownership of the company's stock.
• In its most recent quarterly results, Analog Devices reported $2.05 EPS, surpassing analyst expectations, with a revenue of $2.88 billion, indicating a 24.6% year-over-year growth.

Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,102 shares of the semiconductor company's stock after purchasing an additional 1,337 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Analog Devices were worth $18,171,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its stake in shares of Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after acquiring an additional 22,973 shares during the period. Freestone Grove Partners LP purchased a new stake in Analog Devices during the 4th quarter worth $10,212,000. Sowell Financial Services LLC acquired a new stake in Analog Devices in the 1st quarter valued at $296,000. Keybank National Association OH raised its position in Analog Devices by 85.8% in the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after purchasing an additional 12,505 shares during the period. Finally, Eastern Bank lifted its stake in shares of Analog Devices by 6.0% during the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock worth $39,664,000 after purchasing an additional 11,101 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded down $1.25 during midday trading on Thursday, hitting $254.25. The company's stock had a trading volume of 4,037,374 shares, compared to its average volume of 4,014,530. 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, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The firm's fifty day moving average price is $236.34 and its 200-day moving average price is $218.33. The firm has a market cap of $125.08 billion, a P/E ratio of 35.49, a P/E/G ratio of 2.17 and a beta of 1.05.

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

Analog Devices Dividend Announcement

The company 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 dividend of $0.99 per share. 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 (DPR) is 101.02%.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares of the company's stock, valued at $3,360,558.47. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,615 shares of company stock worth $6,450,988 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ADI shares. KGI Securities assumed coverage on Analog Devices in a research note on Friday, May 23rd. They issued a "buy" rating for the company. KeyCorp upped their price target on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. UBS Group dropped their price objective on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research note on Monday, July 7th. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, TD Cowen raised their price target 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. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.