Price T Rowe Associates Inc. MD Boosts Position in Analog Devices, Inc. $ADI

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in Analog Devices, Inc. by 26.7% in Q1, owning 11,425,084 shares worth approximately $2.3 billion.
• Other institutional investors, like GAMMA Investing and Deutsche Bank, also significantly raised their positions in Analog Devices, reflecting growing confidence in the semiconductor company.
• Analog Devices recently posted a quarterly EPS of $2.05, exceeding estimates, and announced a dividend of $0.99 per share, representing an annual yield of 1.6%.

Price T Rowe Associates Inc. MD lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 26.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,425,084 shares of the semiconductor company's stock after acquiring an additional 2,407,460 shares during the quarter. Price T Rowe Associates Inc. MD owned 2.30% of Analog Devices worth $2,304,098,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Analog Devices by 25,460.1% during the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after acquiring an additional 2,203,062 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $351,943,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Analog Devices by 301.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after purchasing an additional 1,186,981 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Analog Devices by 71.0% during the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock valued at $458,683,000 after purchasing an additional 896,694 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Analog Devices by 25.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Up 6.3%

Shares of ADI opened at $244.87 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.73. The stock has a market capitalization of $121.52 billion, a price-to-earnings ratio of 66.72, a PEG ratio of 2.12 and a beta of 1.05. The stock has a 50 day moving average price of $233.96 and a 200 day moving average price of $216.74.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. Analog Devices's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices's payout ratio is currently 107.90%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADI. Wells Fargo & Company set a $235.00 target price on Analog Devices and gave the company an "equal weight" rating in a research report on Monday, June 16th. Williams Trading set a $260.00 price objective on Analog Devices in a report on Friday, May 23rd. TD Cowen boosted their price objective on Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Finally, UBS Group cut their price target on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.89.

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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