PineStone Asset Management Inc. Buys 183,377 Shares of Analog Devices, Inc. $ADI

Key Points

• PineStone Asset Management Inc. increased its stake in Analog Devices, Inc. by 24.1%, owning a total of 944,376 shares, making it the firm's 23rd largest position.
• Analog Devices reported $2.05 earnings per share (EPS) for the quarter, exceeding analysts' expectations, with revenues of $2.88 billion and a net margin of 18.85%.
• The company announced a quarterly dividend of $0.99 per share, with a yield of 1.6% and a payout ratio of 101.02%.

PineStone Asset Management Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 24.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 944,376 shares of the semiconductor company's stock after buying an additional 183,377 shares during the period. Analog Devices accounts for about 1.5% of PineStone Asset Management Inc.'s portfolio, making the stock its 23rd largest position. PineStone Asset Management Inc. owned 0.19% of Analog Devices worth $224,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ADI. Dakota Wealth Management grew its stake in Analog Devices by 0.8% in the 2nd quarter. Dakota Wealth Management now owns 9,031 shares of the semiconductor company's stock worth $2,150,000 after acquiring an additional 76 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Analog Devices by 12.7% in the second quarter. Perigon Wealth Management LLC now owns 3,712 shares of the semiconductor company's stock worth $884,000 after purchasing an additional 419 shares in the last quarter. Plancorp LLC purchased a new position in Analog Devices during the 2nd quarter worth $245,000. McAdam LLC bought a new stake in Analog Devices during the 2nd quarter valued at $268,000. Finally, Harrell Investment Partners LLC raised its position in Analog Devices by 10.5% during the 2nd quarter. Harrell Investment Partners LLC now owns 20,729 shares of the semiconductor company's stock valued at $4,934,000 after purchasing an additional 1,976 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $247.53 on Friday. The company has a market capitalization of $121.77 billion, a PE ratio of 63.15, a P/E/G ratio of 2.09 and a beta of 1.08. The company has a 50-day simple moving average of $239.68 and a two-hundred day simple moving average of $221.75. 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 quick ratio of 1.79 and a current ratio of 2.32.

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

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices's dividend payout ratio is currently 101.02%.

Insiders Place Their Bets

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total transaction of $771,625.00. Following the transaction, the director owned 155,071 shares in the company, valued at $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 20,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. The trade was a 45.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,240 shares of company stock valued at $10,300,738. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup restated a "buy" rating and set a $290.00 price target (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Wells Fargo & Company raised their target price on shares of Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Evercore ISI boosted their price target on shares of Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Truist Financial upped their price target on shares of Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a research report on Thursday, August 21st. Two 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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