Pallas Capital Advisors LLC Acquires 1,281 Shares of Analog Devices, Inc. $ADI

Key Points

• Pallas Capital Advisors LLC increased its stake in Analog Devices, Inc. by 34.7%, owning 4,975 shares valued at approximately $1.18 million as of the latest SEC filing.
• Analog Devices reported an earnings per share (EPS) of $2.05 for the last quarter, exceeding analysts' expectations and achieving a 24.6% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.99 per share, with a dividend yield of 1.6% and a payout ratio of 101.02%.

Pallas Capital Advisors LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,975 shares of the semiconductor company's stock after acquiring an additional 1,281 shares during the quarter. Pallas Capital Advisors LLC's holdings in Analog Devices were worth $1,184,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EFG Asset Management North America Corp. increased its stake in Analog Devices by 0.3% in the 1st quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock worth $2,866,000 after purchasing an additional 47 shares in the last quarter. Heritage Financial Services LLC lifted its holdings in shares of Analog Devices by 1.6% during the 1st quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock valued at $669,000 after buying an additional 53 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Analog Devices by 11.4% during the 1st quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock valued at $108,000 after buying an additional 55 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of Analog Devices by 14.8% during the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after buying an additional 57 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Analog Devices by 0.4% in the 1st quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock worth $2,929,000 after purchasing an additional 58 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the sale, the chief executive officer directly owned 23,515 shares in the company, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,240 shares of company stock valued at $10,300,738. 0.33% of the stock is owned by insiders.

Analog Devices Stock Performance

ADI traded down $3.72 during trading on Friday, hitting $245.33. The stock had a trading volume of 5,182,569 shares, compared to its average volume of 2,970,356. The company has a 50 day moving average price of $239.18 and a 200-day moving average price of $221.03. The firm has a market cap 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, Inc. has a one year low of $158.65 and a one year high of $258.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company's revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is currently 101.02%.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of research analyst reports. KeyCorp upped their price target on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Benchmark upped their price target on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Truist Financial upped their price target on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research report on Thursday, August 21st. Raymond James Financial upgraded Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Finally, Zacks Research upgraded Analog Devices from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Analog Devices 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.