NorthCrest Asset Manangement LLC Acquires 1,193 Shares of Analog Devices, Inc. $ADI

Key Points

• NorthCrest Asset Management LLC increased its stake in Analog Devices, Inc. by 1.1%, holding 110,515 shares valued at $27.15 million.
• Analog Devices reported a quarterly earnings per share (EPS) of $2.05, surpassing expectations by $0.10, with a revenue of $2.88 billion, marking a 24.6% increase year over year.
• The company's quarterly dividend was recently declared at $0.99 per share, resulting in an annual yield of 1.6%.

NorthCrest Asset Manangement LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,515 shares of the semiconductor company's stock after buying an additional 1,193 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Analog Devices were worth $27,151,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its position in shares of Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after buying an additional 22,973 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Analog Devices during the 1st quarter valued at $296,000. Keybank National Association OH boosted its holdings in shares of Analog Devices by 85.8% during the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after purchasing an additional 12,505 shares during the last quarter. Eastern Bank increased its position in shares of Analog Devices by 6.0% during the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock worth $39,664,000 after acquiring an additional 11,101 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in Analog Devices by 4.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after acquiring an additional 251 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Performance

NASDAQ ADI traded down $3.72 on Friday, hitting $245.33. 5,182,569 shares of the company traded hands, compared to its average volume of 2,970,356. 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. The business's 50 day moving average price is $239.18 and its 200-day moving average price is $221.03. The company has a market capitalization of $120.69 billion, a price-to-earnings ratio of 62.58, a P/E/G ratio of 2.07 and a beta of 1.08.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company's quarterly 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 analysts expect 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. Investors of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's payout ratio is presently 101.02%.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction on 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 sale, the chief executive officer owned 23,515 shares of the company's stock, valued at $5,979,629.35. The trade was a 45.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the completion of the sale, the director owned 155,071 shares in the company, valued at $38,290,131.32. The trade was a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,240 shares of company stock worth $10,300,738 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ADI has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. Seaport Res Ptn raised shares of Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Piper Sandler upped their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. The Goldman Sachs Group began coverage on Analog Devices in a report on Thursday, July 10th. They set a "buy" rating and a $285.00 price target on the stock. Finally, UBS Group cut their price target on Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $273.53.

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.