Magnetar Financial LLC Invests $11.21 Million in Analog Devices, Inc. $ADI

Key Points

• Magnetar Financial LLC has acquired a new position in Analog Devices, purchasing 55,608 shares valued at approximately $11.2 million during the first quarter.
• According to recent analyst reports, the consensus rating for Analog Devices is a Moderate Buy, with a target price raised to around $273.53 by various firms.
• CEO Vincent Roche sold 20,000 shares for about $5.1 million, marking a significant decrease of 45.96% in his holdings ahead of the company’s upcoming dividend payout of $0.99.

Magnetar Financial LLC purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,608 shares of the semiconductor company's stock, valued at approximately $11,214,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Analog Devices during the fourth quarter valued at about $27,000. Menard Financial Group LLC purchased a new position in Analog Devices during the fourth quarter valued at approximately $27,000. Alpine Bank Wealth Management purchased a new position in Analog Devices in the first quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new position in Analog Devices in the first quarter worth $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices during the first quarter worth $36,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ADI. KGI Securities began coverage on Analog Devices in a report on Friday, May 23rd. They issued a "buy" rating for the company. Benchmark raised their price target on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Barclays raised their price target on Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Noble Financial upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Finally, Morgan Stanley boosted their price objective on shares of Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Analog Devices has an average rating of "Moderate Buy" and an average target price of $273.53.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president 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 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Analog Devices stock traded down $2.00 during trading hours on Tuesday, hitting $248.32. 2,725,782 shares of the stock were exchanged, compared to its average volume of 3,972,140. The business's 50-day moving average is $237.70 and its two-hundred day moving average is $219.42. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The stock has a market capitalization of $122.16 billion, a P/E ratio of 63.35, a P/E/G ratio of 2.14 and a beta of 1.08. 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 (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid 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 presently 101.02%.

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.