Morningstar Investment Management LLC Purchases Shares of 1,720 Analog Devices, Inc. $ADI

Key Points

• Morningstar Investment Management LLC purchased 1,720 shares of Analog Devices, Inc. for approximately $409,000 in the second quarter, indicating growing institutional interest in the semiconductor company.
• Several analysts have upgraded their ratings and target prices for Analog Devices' stock, with Wells Fargo raising its target from $235 to $250 and Evercore ISI increasing it from $280 to $303.
• Analog Devices announced a quarterly dividend of $0.99 per share, with a current dividend yield of 1.7%, despite a high payout ratio of 101.02%.

Morningstar Investment Management LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,720 shares of the semiconductor company's stock, valued at approximately $409,000.

Other large investors have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new stake in Analog Devices in the second quarter valued at $26,000. Activest Wealth Management lifted its stake in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after buying an additional 127 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices during the 1st quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices during the 1st quarter worth about $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ADI shares. Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research note on Monday, July 21st. Wells Fargo & Company raised their target price on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Evercore ISI raised their target price on shares of Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, Citigroup restated a "buy" rating and set a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $275.29.

Insider Transactions at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares of the company's stock, valued at $15,525,570. This trade represents a 16.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the transaction, the director directly owned 5,118 shares in the company, valued at approximately $1,242,343.32. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,115 shares of company stock worth $12,232,985. Corporate insiders own 0.33% of the company's stock.

Analog Devices Price Performance

NASDAQ:ADI opened at $235.40 on Wednesday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The firm has a market cap of $115.81 billion, a price-to-earnings ratio of 60.05, a P/E/G ratio of 1.98 and a beta of 1.09. The firm's 50-day simple moving average is $242.20 and its 200 day simple moving average is $224.62. 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 released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm earned $1.58 EPS. The business'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. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is currently 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.

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