Lord Abbett & CO. LLC Purchases 20,098 Shares of Analog Devices, Inc. $ADI

Key Points

• Lord Abbett & CO. LLC increased its stake in Analog Devices, Inc. by 2.5%, holding approximately $164.27 million worth of shares as of the latest SEC filing.
• The company recently reported $1.85 EPS for the quarter, exceeding estimates, along with a 22.3% revenue growth year-over-year.
• Analog Devices announced a quarterly dividend of $0.99 per share, yielding approximately 1.7% with a payout ratio of 107.90%.

Lord Abbett & CO. LLC grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 814,552 shares of the semiconductor company's stock after buying an additional 20,098 shares during the quarter. Lord Abbett & CO. LLC owned 0.16% of Analog Devices worth $164,271,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ADI. GAMMA Investing LLC boosted its position in shares of Analog Devices by 25,460.1% in the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after buying an additional 2,203,062 shares during the period. Nuveen LLC bought a new position in Analog Devices in the first quarter worth about $351,943,000. Kovitz Investment Group Partners LLC grew its stake in Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock worth $335,933,000 after buying an additional 1,186,981 shares during the last quarter. Deutsche Bank AG grew its position in shares of 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 acquiring an additional 896,694 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Analog Devices by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of ADI stock traded up $0.2310 during trading hours on Tuesday, hitting $231.7810. The company had a trading volume of 1,055,780 shares, compared to its average volume of 3,912,564. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The firm has a market capitalization of $115.02 billion, a price-to-earnings ratio of 63.13, a PEG ratio of 2.13 and a beta of 1.05. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.73. The firm's fifty day moving average is $233.77 and its 200 day moving average is $216.45.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. Analog Devices has set its Q3 2025 guidance at 1.820-2.020 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio is 107.90%.

Analyst Ratings Changes

ADI has been the subject of a number of recent analyst reports. Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. Piper Sandler dropped their price target on Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. KGI Securities initiated coverage on Analog Devices in a report on Friday, May 23rd. They issued a "buy" rating for the company. TD Cowen raised their price target on shares of Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Cowen reaffirmed a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average target price of $258.89.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction 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 transaction, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.33% of the company's stock.

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.