Waycross Partners LLC Acquires 4,362 Shares of Analog Devices, Inc. $ADI

Key Points

• Waycross Partners LLC increased its holdings in Analog Devices, Inc. by 3.6% in the second quarter, now owning a total of 125,664 shares valued at approximately $29.9 million.
• Several analysts have recently upgraded their ratings on Analog Devices, with Wells Fargo raising its price target from $235 to $250 and KeyCorp increasing it from $300 to $310.
• Analog Devices reported $2.05 EPS for the most recent quarter, beating estimates, with revenue of $2.88 billion marking a 24.6% year-over-year increase.

Waycross Partners LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,664 shares of the semiconductor company's stock after acquiring an additional 4,362 shares during the quarter. Analog Devices accounts for 2.8% of Waycross Partners LLC's holdings, making the stock its 15th biggest position. Waycross Partners LLC's holdings in Analog Devices were worth $29,911,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. MCF Advisors LLC boosted its position in Analog Devices by 17.5% during the 2nd quarter. MCF Advisors LLC now owns 545 shares of the semiconductor company's stock worth $130,000 after acquiring an additional 81 shares during the last quarter. Covea Finance boosted its position in Analog Devices by 19.9% during the 2nd quarter. Covea Finance now owns 44,000 shares of the semiconductor company's stock worth $10,473,000 after acquiring an additional 7,300 shares during the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $230,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Analog Devices by 0.6% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,259 shares of the semiconductor company's stock valued at $1,966,000 after buying an additional 50 shares during the last quarter. Finally, Revisor Wealth Management LLC acquired a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $312,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADI shares. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. Raymond James Financial raised Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. Wells Fargo & Company increased their price objective on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. KeyCorp increased their price objective on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, UBS Group cut their price objective on Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. Two 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 company's stock. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Stock Down 0.2%

Shares of NASDAQ ADI opened at $246.78 on Wednesday. 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 52 week low of $158.65 and a 52 week high of $258.13. The stock has a market capitalization of $121.40 billion, a P/E ratio of 62.95, a PEG ratio of 2.08 and a beta of 1.08. The stock's fifty day moving average is $239.38 and its 200 day moving average is $221.34.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business earned $1.58 earnings per share. Analog Devices'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. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 12,500 shares of the firm's stock in a transaction dated 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 sale, the senior vice president directly owned 63,048 shares of the company's stock, valued at $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 20,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value 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 $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,240 shares of company stock valued at $10,300,738. 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.

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