Platinum Investment Management Ltd. Increases Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Platinum Investment Management Ltd. raised its stake in Analog Devices, Inc. by 87.3% in Q2, now holding 3,600 shares valued at approximately $857,000.
• Various hedge funds have also increased their positions in Analog Devices, with Brighton Jones LLC and Merit Financial Group LLC boosting their stakes significantly in recent quarters.
• Wall Street analysts are optimistic, with price targets for Analog Devices increasing; the current consensus rating is a "Moderate Buy" with a target price of $275.29.

Platinum Investment Management Ltd. increased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 87.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,600 shares of the semiconductor company's stock after purchasing an additional 1,678 shares during the period. Platinum Investment Management Ltd.'s holdings in Analog Devices were worth $857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADI. Brighton Jones LLC grew its position in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 529 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Analog Devices in the fourth quarter valued at $906,000. Merit Financial Group LLC grew its position in Analog Devices by 61.5% during the first quarter. Merit Financial Group LLC now owns 9,331 shares of the semiconductor company's stock valued at $1,882,000 after acquiring an additional 3,555 shares during the period. Fulton Bank N.A. grew its position in Analog Devices by 4.9% during the first quarter. Fulton Bank N.A. now owns 2,094 shares of the semiconductor company's stock valued at $422,000 after acquiring an additional 98 shares during the period. Finally, RFG Advisory LLC grew its position in Analog Devices by 3.8% during the first quarter. RFG Advisory LLC now owns 2,151 shares of the semiconductor company's stock valued at $434,000 after acquiring an additional 79 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 equities research analysts have issued reports on the company. Benchmark boosted 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. Evercore ISI boosted their price target on Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. The Goldman Sachs Group assumed coverage on Analog Devices in a research report on Thursday, July 10th. They set a "buy" rating and a $285.00 price target for the company. Finally, Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $275.29.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares of the company's stock, valued at approximately $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares of the company's stock, valued at $3,360,558.47. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,240 shares of company stock worth $10,300,738. Company insiders own 0.33% of the company's stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $239.28 on Thursday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The business has a 50-day moving average of $240.30 and a 200-day moving average of $222.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The company has a market capitalization of $117.71 billion, a price-to-earnings ratio of 61.04, a PEG ratio of 2.07 and a beta of 1.09.

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

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.7%. Analog Devices's dividend payout ratio is currently 101.02%.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

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.