Thurston Springer Miller Herd & Titak Inc. Increases Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Analog Devices, Inc. by 14.2%, bringing their total shares to 17,410 valued at approximately $4.14 million.
• Analog Devices reported earnings of $2.05 per share for the recent quarter, exceeding analysts' estimates, and its quarterly revenue increased by 24.6% year-over-year.
• CEO Vincent Roche sold 20,000 shares valued at approximately $5.09 million, representing a significant decrease in his ownership by 45.96%.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,410 shares of the semiconductor company's stock after buying an additional 2,164 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Analog Devices were worth $4,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at approximately $27,000. Menard Financial Group LLC purchased a new position in Analog Devices in the 4th quarter valued at $27,000. Activest Wealth Management lifted its holdings in Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 127 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Analog Devices in the 1st quarter valued at $27,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Analog Devices in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ADI shares. Citigroup restated a "buy" rating and issued a $290.00 price objective (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Cowen restated a "buy" rating on shares of Analog Devices in a report on Friday, May 23rd. Cfra Research lowered Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. Finally, Piper Sandler lifted their price target on Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Two investment 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Stock Down 1.2%

NASDAQ ADI opened at $245.21 on Friday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The business's fifty day simple moving average is $238.98 and its 200-day simple moving average is $220.39. The firm has a market cap of $120.63 billion, a PE ratio of 62.55, a P/E/G ratio of 2.10 and a beta of 1.08.

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 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 company's quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 20,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the sale, the chief executive officer directly owned 23,515 shares of the company's stock, valued at approximately $5,979,629.35. This trade represents a 45.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares of the company's stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,115 shares of company stock valued at $9,529,113 over the last 90 days. Company insiders own 0.33% of the company's stock.

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.