Voleon Capital Management LP Lowers Position in Analog Devices, Inc. $ADI

Key Points

• Voleon Capital Management LP cut its stake in Analog Devices, Inc. by 73.8%, selling 6,948 shares and bringing its total holdings to 2,470 shares worth approximately $498,000.
• Other institutional investors, such as Price T Rowe Associates and GAMMA Investing LLC, increased their positions significantly, with the latter raising its stake by over 25,460%.
• Analog Devices reported Q3 earnings of $2.05 per share, beating estimates and showing a 24.6% increase in revenue from the previous year.

Voleon Capital Management LP cut its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 73.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,470 shares of the semiconductor company's stock after selling 6,948 shares during the period. Voleon Capital Management LP's holdings in Analog Devices were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. EFG Asset Management North America Corp. grew its stake 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 buying an additional 47 shares during the period. Heritage Financial Services LLC grew its stake in shares of Analog Devices by 1.6% in the 1st quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company's stock valued at $669,000 after buying an additional 53 shares during the period. Hemington Wealth Management grew its stake in shares of Analog Devices by 11.4% in the 1st quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company's stock valued at $108,000 after buying an additional 55 shares during the period. Continuum Advisory LLC grew its stake in shares of Analog Devices by 14.8% in the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after buying an additional 57 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in shares of Analog Devices by 0.4% in the 1st quarter. Proficio Capital Partners LLC now owns 14,523 shares of the semiconductor company's stock valued at $2,929,000 after buying an additional 58 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

ADI traded down $3.03 during trading on Friday, reaching $245.21. The stock had a trading volume of 2,109,962 shares, compared to its average volume of 3,573,982. The stock has a market cap of $120.63 billion, a PE ratio of 62.55, a PEG ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The business has a 50-day moving average of $238.98 and a 200-day moving average of $220.48.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results 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. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company's revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays raised their target price on Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. Noble Financial upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. 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 for the company. Evercore ISI boosted their target price on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, Cfra Research downgraded Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were 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 in the company, valued at approximately $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the sale, the senior vice president owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,115 shares of company stock valued at $9,529,113. Corporate insiders own 0.33% of the company's stock.

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.