Voya Investment Management LLC Grows Position in Analog Devices, Inc. $ADI

Key Points

• Voya Investment Management LLC increased its stake in Analog Devices, Inc. by 211.9%, owning 745,251 shares valued at approximately $150 million after acquiring an additional 506,314 shares.
• In the most recent earnings report, Analog Devices reported $2.05 EPS, surpassing estimates, with a revenue of $2.88 billion, reflecting a 24.6% year-over-year increase.
• The company declared a quarterly dividend of $0.99 per share, with a dividend yield of 1.6%, although its payout ratio stands at 101.02%.

Voya Investment Management LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 211.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 745,251 shares of the semiconductor company's stock after purchasing an additional 506,314 shares during the period. Voya Investment Management LLC owned 0.15% of Analog Devices worth $150,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in Analog Devices by 26.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after buying an additional 2,407,460 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Analog Devices by 25,460.1% in the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after purchasing an additional 2,203,062 shares in the last quarter. Nuveen LLC purchased a new position in Analog Devices in the first quarter valued at approximately $351,943,000. Amundi raised its holdings in Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after purchasing an additional 880,636 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Analog Devices by 25.1% during 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 worth $708,260,000 after buying an additional 668,023 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADI has been the subject of several research analyst reports. Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Zacks Research upgraded Analog Devices from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Barclays boosted their price objective 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. Stifel Nicolaus raised their target price on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on 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 trade represents a 45.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin Cotter sold 12,500 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. This represents a 16.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,115 shares of company stock valued at $9,529,113. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

Shares of Analog Devices stock traded down $3.03 during trading on Friday, reaching $245.21. The company's stock had a trading volume of 2,109,962 shares, compared to its average volume of 3,488,157. The business has a 50 day moving average price of $238.98 and a 200-day moving average price of $220.37. The company has a market capitalization of $120.63 billion, a P/E ratio of 62.55, a price-to-earnings-growth ratio of 2.07 and a beta of 1.08. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. 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 released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the company earned $1.58 earnings per share. Analog Devices's quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current 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 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%.

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.