NEOS Investment Management LLC Increases Holdings in Analog Devices, Inc. $ADI

Key Points

• NEOS Investment Management increased its Analog Devices stake by 10.7% in the second quarter, bringing its holdings to 373,750 shares valued at approximately $148.4 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with the stock carrying a consensus “Buy” rating and an average price target of $454.63. Recent target increases included Stifel’s $498 objective and Barclays’ $450 target.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in earnings per share and $4.02 billion in revenue, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, equal to a 1.2% annualized yield.

NEOS Investment Management LLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 10.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 373,750 shares of the semiconductor company's stock after purchasing an additional 36,264 shares during the quarter. NEOS Investment Management LLC owned 0.08% of Analog Devices worth $148,442,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Analog Devices during the second quarter valued at about $18,610,868,000. Bank of America Corp DE bought a new position in shares of Analog Devices in the second quarter valued at approximately $3,573,081,000. Norges Bank purchased a new position in Analog Devices during the fourth quarter valued at approximately $2,215,516,000. Legal & General Group Plc purchased a new position in Analog Devices during the second quarter valued at approximately $1,525,167,000. Finally, Bank of New York Mellon Corp bought a new stake in Analog Devices during the 2nd quarter worth approximately $1,326,066,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on ADI shares. Truist Financial increased their target price on shares of Analog Devices from $364.00 to $405.00 and gave the stock a "hold" rating in a research note on Wednesday, May 20th. Barclays boosted their price target on shares of Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, May 21st. Raymond James Financial reaffirmed an "outperform" rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Stifel Nicolaus increased their price objective on Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings raised Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $454.63.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the transaction, the chief executive officer directly owned 134,660 shares in the company, valued at approximately $47,983,397.80. This represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,363 shares of company stock worth $15,477,939. Company insiders own 0.36% of the company's stock.

Analog Devices Trading Up 0.2%

Shares of Analog Devices stock opened at $356.50 on Friday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The firm has a market cap of $172.75 billion, a PE ratio of 42.29, a PEG ratio of 1.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The company has a 50 day simple moving average of $377.67 and a two-hundred day simple moving average of $373.99.

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

Analog Devices Dividend Announcement

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

About Analog Devices

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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