Plancorp LLC Takes Position in Analog Devices, Inc. $ADI

Key Points

• Plancorp LLC has acquired a new stake in Analog Devices, Inc. (NASDAQ: ADI), purchasing 1,029 shares valued at approximately $245,000.
• Several other institutional investors have also increased their stakes in Analog Devices, with hedge funds owning 86.81% of the company's stock.
• Analysts are optimistic about Analog Devices, with recent upgrades increasing price targets and a majority rating the stock as a "Buy" or "Strong Buy."

Plancorp LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,029 shares of the semiconductor company's stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management raised its stake in shares of Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 127 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Analog Devices during the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC purchased a new position in Analog Devices in the 1st quarter worth $33,000. North Capital Inc. purchased a new position in Analog Devices in the 1st quarter worth $36,000. Finally, Wolff Wiese Magana LLC lifted its stake in Analog Devices by 209.8% in the first quarter. Wolff Wiese Magana LLC now owns 189 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Stifel Nicolaus raised their price target on Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. KeyCorp boosted their price objective on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Benchmark increased their price objective on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Zacks Research raised shares of Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two investment analysts have 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $273.53.

Analog Devices Price Performance

Shares of ADI stock opened at $247.53 on Friday. The firm has a market cap of $121.77 billion, a P/E ratio of 63.15, a P/E/G ratio of 2.09 and a beta of 1.08. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The business's 50 day moving average price is $239.68 and its 200-day moving average price is $221.75. 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 announced 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. The company 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 firm's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value 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. The trade was a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,240 shares of company stock worth $10,300,738. 0.33% of the stock is currently owned by company insiders.

Analog Devices Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.