Texas Capital Bank Wealth Management Services Inc Buys New Holdings in Analog Devices, Inc. $ADI

Key Points

• Texas Capital Bank Wealth Management Services Inc has made a new investment of approximately $223,000 in Analog Devices, purchasing 1,105 shares of the semiconductor company.
• Over 86% of Analog Devices' stock is owned by institutional investors, indicating strong institutional interest in the company.
• Several analysts have rated Analog Devices with a consensus target price of $258.89, reflecting positive sentiment among analysts despite recent fluctuations in stock prices.

Texas Capital Bank Wealth Management Services Inc acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,105 shares of the semiconductor company's stock, valued at approximately $223,000.

Several other large investors have also bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in shares of Analog Devices during the fourth quarter valued at about $27,000. Menard Financial Group LLC acquired a new stake in shares of Analog Devices during the fourth quarter valued at about $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices during the first quarter valued at about $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices during the first quarter valued at about $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices during the first quarter valued at about $36,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded up $5.25 during trading on Friday, reaching $252.20. 4,988,997 shares of the stock traded hands, compared to its average volume of 3,656,419. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.51. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $257.22. The stock has a market capitalization of $125.15 billion, a P/E ratio of 64.34, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The company has a 50-day moving average of $234.80 and a 200-day moving average of $217.35.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio is currently 101.02%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ADI. The Goldman Sachs Group began coverage on Analog Devices in a research note on Thursday, July 10th. They set a "buy" rating and a $285.00 price target on the stock. Noble Financial raised Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Cantor Fitzgerald raised Analog Devices from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Citigroup reissued a "buy" rating and set a $290.00 price target (up from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Analog Devices presently has an average rating of "Moderate Buy" and an average price target of $273.53.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by corporate 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.