Lee Johnson Capital Management LLC Purchases New Stake in Analog Devices, Inc. $ADI

Key Points

• Lee Johnson Capital Management acquired 13,065 shares of Analog Devices worth approximately $5.19 million, making ADI its 22nd-largest holding and about 1.6% of its portfolio. Institutional investors collectively own 86.81% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $441 price target; recent targets range from $405 to $460.
• Analog Devices beat quarterly estimates with $3.09 in EPS and $3.62 billion in revenue, up 37.2% year over year, although insiders sold roughly $42.2 million of stock over the past three months.

Lee Johnson Capital Management LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,065 shares of the semiconductor company's stock, valued at approximately $5,189,000. Analog Devices comprises about 1.6% of Lee Johnson Capital Management LLC's investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ING Groep NV boosted its holdings in Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock worth $60,358,000 after buying an additional 69,202 shares during the last quarter. Covenant Asset Management LLC bought a new stake in shares of Analog Devices in the 4th quarter valued at $2,500,000. MGO One Seven LLC increased its position in shares of Analog Devices by 17.7% in the 4th quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock valued at $12,352,000 after buying an additional 6,846 shares in the last quarter. Jones Kertz & Associates Inc. acquired a new stake in Analog Devices during the 4th quarter worth $1,480,000. Finally, Natixis Advisors LLC lifted its holdings in Analog Devices by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after acquiring an additional 23,531 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ADI has been the topic of a number of research analyst reports. Barclays raised their price target on Analog Devices from $430.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Truist Financial upped their price target on shares of Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a report on Wednesday, May 20th. The Goldman Sachs Group reissued a "buy" rating and set a $450.00 price objective on shares of Analog Devices in a research report on Wednesday, May 20th. Weiss Ratings cut shares of Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, July 28th. Finally, TD Cowen upped their target price on shares of Analog Devices from $450.00 to $460.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $441.00.

Analog Devices Stock Performance

Shares of ADI stock opened at $390.28 on Tuesday. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The company's fifty day simple moving average is $390.93 and its 200-day simple moving average is $369.88. The firm has a market cap of $190.10 billion, a PE ratio of 57.99, a P/E/G ratio of 1.01 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $1.85 EPS. The company's revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts expect that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at $57,096,149.94. This trade represents a 17.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 105,274 shares of company stock valued at $42,247,986. 0.36% of the stock is currently owned by company insiders.

Analog Devices Company Profile

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.

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