Magnolia Capital Advisors LLC Acquires Shares of 4,969 Analog Devices, Inc. $ADI

Key Points

• Magnolia Capital Advisors acquired 4,969 shares of Analog Devices valued at approximately $1.97 million. Institutional investors collectively own 86.81% of the company.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $454.63; several firms recently raised their targets.
• Analog Devices exceeded quarterly earnings and revenue expectations, reporting $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, yielding about 1.2% annually.

Magnolia Capital Advisors LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,969 shares of the semiconductor company's stock, valued at approximately $1,973,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADI. BlackRock Inc. acquired a new position in Analog Devices during the second quarter worth about $18,610,868,000. State Street Corp boosted its stake in shares of Analog Devices by 0.4% during the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock worth $6,369,833,000 after acquiring an additional 88,538 shares in the last quarter. Morgan Stanley grew its holdings in shares of Analog Devices by 1.9% in the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock worth $2,834,210,000 after acquiring an additional 194,535 shares during the period. Bank of America Corp DE increased its stake in Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after purchasing an additional 501,604 shares in the last quarter. Finally, Norges Bank acquired a new position in Analog Devices during the fourth quarter worth $2,215,516,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Buying and Selling

In other news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director owned 11,019 shares in the company, valued at $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the business's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 45,274 shares of company stock valued at $17,889,486. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ADI shares. Stifel Nicolaus boosted their target price on Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Fundamental Research set a $550.00 price target on Analog Devices in a research report on Monday, June 29th. Oppenheimer lifted their price target on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Needham & Company LLC boosted their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Finally, Jefferies Financial Group increased their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $454.63.

Analog Devices Stock Performance

Analog Devices stock opened at $371.80 on Thursday. The stock has a fifty day moving average price of $385.42 and a 200 day moving average price of $372.64. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The firm has a market capitalization of $180.16 billion, a P/E ratio of 44.10, a PEG ratio of 0.76 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business's quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices's payout ratio is 52.19%.

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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