Osterweis Capital Management Inc. Takes $53.69 Million Position in Analog Devices, Inc. $ADI

Key Points

• Osterweis Capital Management acquired 135,169 Analog Devices shares worth approximately $53.7 million, making ADI its seventh-largest holding and about 2.5% of its portfolio. Institutional investors collectively own 86.81% of the company.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $454.63; Bernstein recently upgraded the stock to “Outperform” and raised its target to $465.
• Analog Devices exceeded quarterly expectations with $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, representing a 1.2% annualized yield.

Osterweis Capital Management Inc. acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 135,169 shares of the semiconductor company's stock, valued at approximately $53,685,000. Analog Devices makes up approximately 2.5% of Osterweis Capital Management Inc.'s portfolio, making the stock its 7th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Legal & General Group Plc purchased a new position in Analog Devices during the 2nd quarter valued at about $1,525,167,000. The Manufacturers Life Insurance Company acquired a new position in shares of Analog Devices during the 2nd quarter worth $225,601,000. Van Hulzen Asset Management LLC bought a new position in Analog Devices during the second quarter valued at about $645,000. Veratis Advisors Inc. bought a new position in shares of Analog Devices in the 2nd quarter valued at approximately $467,000. Finally, Fiduciary Financial Advisors bought a new position in Analog Devices in the 2nd quarter worth $142,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

ADI has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $550.00 price objective on shares of Analog Devices in a research report on Monday, August 17th. Weiss Ratings raised Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Sanford C. Bernstein upgraded shares of Analog Devices from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $430.00 to $465.00 in a research report on Wednesday, August 19th. Argus set a $460.00 price objective on Analog Devices in a research note on Tuesday, May 26th. Finally, Evercore reiterated an "outperform" rating and issued a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Two equities research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $454.63.

Analog Devices Trading Down 0.5%

NASDAQ:ADI opened at $371.17 on Tuesday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The business has a 50 day moving average price of $387.12 and a two-hundred day moving average price of $371.92. The company has a market cap of $179.86 billion, a P/E ratio of 44.03, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

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

Analog Devices Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the sale, the director directly owned 114,511 shares of the company's stock, valued at $43,213,016.07. This represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,274 shares of company stock worth $17,889,486 in the last quarter. Insiders own 0.36% of the company's stock.

Analog Devices Company Profile

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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