Nearwater Capital Markets Ltd Makes New Investment in Analog Devices, Inc. $ADI

Key Points

• Nearwater Capital Markets Ltd has invested $12.10 million in Analog Devices, acquiring 60,000 shares of the semiconductor company.
• Multiple institutional investors have shown increased interest in Analog Devices, with Price T Rowe Associates raising its stake by 26.7% and GAMMA Investing growing its position by over 25,000% during the first quarter.
• Analog Devices recently reported an earnings beat with $2.05 EPS, surpassing expectations, and has announced a quarterly dividend of $0.99 per share, reflecting a dividend yield of 1.6%.

Nearwater Capital Markets Ltd purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 60,000 shares of the semiconductor company's stock, valued at approximately $12,100,000.

A number of other hedge funds have also modified their holdings of ADI. Brighton Jones LLC grew its holdings in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after purchasing an additional 529 shares during the period. Captrust Financial Advisors boosted its holdings in Analog Devices by 19.9% during the 4th quarter. Captrust Financial Advisors now owns 30,786 shares of the semiconductor company's stock valued at $6,541,000 after acquiring an additional 5,116 shares during the period. BOKF NA boosted its holdings in Analog Devices by 1.5% during the 4th quarter. BOKF NA now owns 5,398 shares of the semiconductor company's stock valued at $1,146,000 after acquiring an additional 82 shares during the period. Cetera Investment Advisers boosted its holdings in Analog Devices by 2.1% during the 4th quarter. Cetera Investment Advisers now owns 93,958 shares of the semiconductor company's stock valued at $19,962,000 after acquiring an additional 1,914 shares during the period. Finally, Colonial Trust Co SC boosted its holdings in Analog Devices by 2.7% during the 4th quarter. Colonial Trust Co SC now owns 4,569 shares of the semiconductor company's stock valued at $971,000 after acquiring an additional 118 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADI shares. Stifel Nicolaus raised 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. Noble Financial upgraded Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. Oppenheimer raised their target price on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, May 16th. UBS Group lowered their target price on Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. Finally, Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,115 shares of company stock worth $9,529,113 in the last three months. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Down 0.6%

ADI stock traded down $1.60 during trading on Wednesday, hitting $246.58. 927,974 shares of the company's stock were exchanged, compared to its average volume of 3,923,692. The business has a 50-day moving average price of $238.91 and a two-hundred day moving average price of $220.15. The stock has a market capitalization of $121.31 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 2.12 and a beta of 1.08. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. 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 (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

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

Analog Devices 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.