MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 15,848 Shares of Analog Devices, Inc. $ADI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Analog Devices by 3.7%, acquiring 15,848 additional shares, bringing its total ownership to 447,352 shares valued at approximately $90.2 million.
• Analog Devices reported earnings of $2.05 per share, surpassing analysts' expectations, alongside a revenue of $2.88 billion for the quarter, reflecting a 24.6% year-over-year increase.
• The company recently declared a quarterly dividend of $0.99 per share, with a yield of 1.6% and a payout ratio of 101.02%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,352 shares of the semiconductor company's stock after acquiring an additional 15,848 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Analog Devices worth $90,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EFG Asset Management North America Corp. boosted its stake in Analog Devices by 0.3% during the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock worth $2,866,000 after acquiring an additional 47 shares in the last quarter. Heritage Financial Services LLC lifted its stake in shares of Analog Devices by 1.6% in the first quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock valued at $669,000 after buying an additional 53 shares in the last quarter. Hemington Wealth Management lifted its stake in shares of Analog Devices by 11.4% in the first quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock valued at $108,000 after buying an additional 55 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Analog Devices by 14.8% in the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after buying an additional 57 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of Analog Devices by 0.4% in the first quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock valued at $2,929,000 after buying an additional 58 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

NASDAQ ADI opened at $247.07 on Friday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The company has a 50-day simple moving average of $238.54 and a 200 day simple moving average of $220.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The company has a market capitalization of $121.55 billion, a PE ratio of 63.03, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the company posted $1.58 earnings per share. The firm's quarterly 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, research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is 101.02%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 20,000 shares of the firm's 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 sale, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the sale, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,615 shares of company stock worth $6,450,988. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ADI shares. KeyCorp raised their price objective on shares of Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Oppenheimer raised their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Truist Financial increased their target price on shares of Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a report on Thursday, August 21st. Wells Fargo & Company increased their target price on shares of Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Finally, Cantor Fitzgerald upgraded shares of 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 report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and a consensus price target of $273.53.

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.

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