Analog Devices, Inc. $ADI Stake Lessened by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC significantly reduced its stake in Analog Devices, Inc. by 96.4%, selling 1,523,987 shares, leaving them with 57,170 shares valued at approximately $11.53 million.
• The semiconductor company recently reported a 22.3% year-over-year increase in quarterly revenue, totaling $2.64 billion, and a quarterly EPS of $1.85, surpassing analyst expectations.
• Analog Devices declared a quarterly dividend of $0.99, with a current dividend yield of 1.7% and a payout ratio of 107.90%.

Kovitz Investment Group Partners LLC trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 96.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,170 shares of the semiconductor company's stock after selling 1,523,987 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Analog Devices were worth $11,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of Analog Devices in the fourth quarter worth $27,000. Menard Financial Group LLC bought a new stake in Analog Devices during the fourth quarter valued at about $27,000. Alpine Bank Wealth Management bought a new position in shares of Analog Devices in the first quarter worth about $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Analog Devices in the first quarter worth about $33,000. Finally, North Capital Inc. bought a new position in shares of Analog Devices in the first quarter worth about $36,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADI. Piper Sandler upped their price objective on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Thursday. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and increased their target price for the company from $250.00 to $270.00 in a research report on Wednesday, June 18th. Wells Fargo & Company set a $235.00 price objective on Analog Devices and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Finally, UBS Group reduced their target price on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $266.83.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Up 1.4%

Shares of NASDAQ ADI traded up $3.53 during mid-day trading on Thursday, hitting $248.40. The company had a trading volume of 1,821,232 shares, compared to its average volume of 3,950,164. The company has a market capitalization of $123.27 billion, a PE ratio of 67.71, a price-to-earnings-growth 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 $249.58. The business's 50-day simple moving average is $233.96 and its 200 day simple moving average is $216.74.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%.The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business's revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

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.