Osterweis Capital Management Inc. Raises Holdings in Analog Devices, Inc. $ADI

Key Points

• Osterweis Capital Management Inc. increased its holdings in Analog Devices by 26.4%, acquiring an additional 33,450 shares during the first quarter, bringing its total to 160,141 shares valued at approximately $32.3 million.
• Several large investors have significantly boosted their positions in Analog Devices, including China Universal Asset Management, which increased its stake by 284.4%.
• Analysts are optimistic about Analog Devices, with a consensus rating of “Moderate Buy” and an average target price of $258.89, up from previous estimates.

Osterweis Capital Management Inc. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 26.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,141 shares of the semiconductor company's stock after purchasing an additional 33,450 shares during the quarter. Osterweis Capital Management Inc.'s holdings in Analog Devices were worth $32,296,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADI. Brighton Jones LLC raised its position 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 valued at $397,000 after buying an additional 529 shares during the period. Jump Financial LLC raised its position in shares of Analog Devices by 4.0% during the 4th quarter. Jump Financial LLC now owns 1,888 shares of the semiconductor company's stock valued at $401,000 after buying an additional 73 shares during the period. MML Investors Services LLC raised its position in shares of Analog Devices by 4.4% during the 4th quarter. MML Investors Services LLC now owns 78,612 shares of the semiconductor company's stock valued at $16,702,000 after buying an additional 3,288 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Analog Devices by 7.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 6,923 shares of the semiconductor company's stock valued at $1,471,000 after buying an additional 497 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Analog Devices by 0.5% during the 4th quarter. Stifel Financial Corp now owns 803,884 shares of the semiconductor company's stock valued at $170,807,000 after buying an additional 4,098 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $250.00 to $270.00 in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Barclays boosted their target price on Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday. Oppenheimer boosted their target price on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Noble Financial raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Stock Up 2.1%

Shares of Analog Devices stock traded up $5.25 during trading hours on Friday, reaching $252.20. 4,988,997 shares of the company were exchanged, compared to its average volume of 3,656,419. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $257.22. The stock's fifty day moving average is $234.80 and its 200 day moving average is $217.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.51 and a current ratio of 2.32. The firm has a market cap of $125.15 billion, a PE ratio of 64.34, a PEG ratio of 2.19 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share. The company'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. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

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 issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's dividend payout ratio is 101.02%.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

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.