Turtle Creek Wealth Advisors LLC Makes New $385,000 Investment in Analog Devices, Inc. $ADI

Key Points

• Turtle Creek Wealth Advisors LLC made a new investment of approximately $385,000 in Analog Devices, Inc. (NASDAQ: ADI), acquiring 1,618 shares in the second quarter.
• Multiple institutional investors have increased their holdings in Analog Devices, contributing to an overall ownership of 86.81% of the company's stock by institutional investors and hedge funds.
• Analyst ratings on Analog Devices have remained positive, with an average price target of $275.29 and a consensus rating of "Moderate Buy" from market analysts.

Turtle Creek Wealth Advisors LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,618 shares of the semiconductor company's stock, valued at approximately $385,000.

Several other large investors have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft grew its holdings in shares of Analog Devices by 3.9% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company's stock valued at $270,000 after acquiring an additional 43 shares in the last quarter. Bennett Associates Wealth Management grew its holdings in shares of Analog Devices by 2.9% in the 2nd quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company's stock valued at $387,000 after acquiring an additional 46 shares in the last quarter. EFG Asset Management North America Corp. grew its holdings in shares of Analog Devices by 0.3% in the 1st quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company's stock valued at $2,866,000 after acquiring an additional 47 shares in the last quarter. Plimoth Trust Co. LLC grew its holdings in shares of Analog Devices by 1.8% in the 2nd quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company's stock valued at $624,000 after acquiring an additional 47 shares in the last quarter. Finally, Regatta Capital Group LLC grew its holdings in shares of Analog Devices by 4.5% in the 2nd quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company's stock valued at $268,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the sale, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the sale, the director owned 155,071 shares of the company's stock, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,115 shares of company stock valued at $12,232,985. Company insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADI shares. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. Stifel Nicolaus raised their price objective on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Benchmark raised their price objective on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, August 21st. The Goldman Sachs Group began coverage on shares of Analog Devices in a research note on Thursday, July 10th. They issued a "buy" rating and a $285.00 target price for the company. Finally, Cantor Fitzgerald raised their target price on shares of Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $275.29.

Analog Devices Trading Up 1.5%

Shares of ADI stock opened at $241.61 on Friday. The firm has a 50 day moving average price of $242.92 and a two-hundred day moving average price of $224.99. 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 company has a market capitalization of $118.86 billion, a PE ratio of 61.64, a price-to-earnings-growth ratio of 2.01 and a beta of 1.09. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13.

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 the consensus estimate 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 net margin of 18.85% and a return on equity of 10.32%. The business's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

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

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.

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.