Narwhal Capital Management Acquires 20,862 Shares of Analog Devices, Inc. $ADI

Key Points

• Narwhal Capital Management increased its stake in Analog Devices, Inc. by 48.3% during the second quarter, acquiring 20,862 additional shares and now holding a total of 64,070 shares valued at approximately $15.25 million.
• Several hedge funds have also increased their investments in Analog Devices, with notable boosts reported by Morton Capital Management and Lansing Street Advisors, highlighting a growing interest in the company.
• Research analysts have revised their target prices for Analog Devices, with Evercore ISI raising its target to $303 and numerous firms providing ratings that reflect strong confidence in the stock's performance.

Narwhal Capital Management lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 48.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,070 shares of the semiconductor company's stock after acquiring an additional 20,862 shares during the quarter. Analog Devices makes up 1.2% of Narwhal Capital Management's portfolio, making the stock its 20th biggest position. Narwhal Capital Management's holdings in Analog Devices were worth $15,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morton Capital Management LLC CA grew its stake in shares of Analog Devices by 42.2% in the second quarter. Morton Capital Management LLC CA now owns 1,549 shares of the semiconductor company's stock worth $369,000 after acquiring an additional 460 shares during the last quarter. Lansing Street Advisors boosted its position in shares of Analog Devices by 51.9% during the second quarter. Lansing Street Advisors now owns 2,430 shares of the semiconductor company's stock valued at $578,000 after buying an additional 830 shares during the last quarter. Winthrop Advisory Group LLC purchased a new stake in shares of Analog Devices during the second quarter valued at $227,000. NBT Bank N A NY boosted its position in shares of Analog Devices by 0.6% during the second quarter. NBT Bank N A NY now owns 9,777 shares of the semiconductor company's stock valued at $2,327,000 after buying an additional 63 shares during the last quarter. Finally, Sax Wealth Advisors LLC boosted its position in shares of Analog Devices by 87.0% during the second quarter. Sax Wealth Advisors LLC now owns 12,487 shares of the semiconductor company's stock valued at $2,972,000 after buying an additional 5,811 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Piper Sandler increased their target price on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Evercore ISI increased their target price on Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Stifel Nicolaus increased their target price on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company increased their target price on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Finally, Benchmark raised their price objective on Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and a consensus target price of $275.29.

Analog Devices Stock Performance

NASDAQ:ADI opened at $233.75 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The stock has a 50-day moving average price of $241.19 and a 200 day moving average price of $223.76. The stock has a market capitalization of $114.99 billion, a P/E ratio of 59.63, a P/E/G ratio of 2.04 and a beta of 1.09.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results 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. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business posted $1.58 earnings per share. The firm's revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.7%. Analog Devices's payout ratio is presently 101.02%.

Insiders Place Their Bets

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the sale, the director owned 5,118 shares of the company's stock, valued at $1,242,343.32. The trade was a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the sale, the chief executive officer directly owned 140,118 shares in the company, valued at approximately $34,148,157.78. The trade was a 6.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,240 shares of company stock worth $12,980,578. Insiders own 0.33% of the company's stock.

About Analog Devices

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.