Woodline Partners LP Invests $32.58 Million in Analog Devices, Inc. $ADI

Key Points

• Woodline Partners LP has acquired a new stake in Analog Devices, Inc. valued at approximately $32.58 million, purchasing 161,551 shares during the first quarter.
• Several institutional investors have also increased their positions in Analog Devices, leading to 86.81% of the company's stock being held by hedge funds and other institutional investors.
• Analog Devices recently reported better-than-expected quarterly earnings, with an EPS of $2.05, surpassing analysts' estimates and reflecting a 24.6% year-over-year revenue growth.

Woodline Partners LP purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 161,551 shares of the semiconductor company's stock, valued at approximately $32,580,000.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Analog Devices by 284.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after purchasing an additional 22,973 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Analog Devices in the first quarter valued at approximately $296,000. Keybank National Association OH lifted its holdings in shares of Analog Devices by 85.8% in the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after purchasing an additional 12,505 shares in the last quarter. Eastern Bank lifted its holdings in shares of Analog Devices by 6.0% in the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock valued at $39,664,000 after purchasing an additional 11,101 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Analog Devices by 4.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after purchasing an additional 251 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was 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 of the company's stock, valued at $5,979,629.35. This trade represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the sale, the senior vice president directly owned 13,549 shares of the company's stock, valued at $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. Over the last ninety days, insiders sold 38,115 shares of company stock valued at $9,529,113. Corporate insiders own 0.33% of the company's stock.

Analog Devices Stock Performance

NASDAQ:ADI traded down $3.03 during trading hours 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 company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The stock has a 50 day simple moving average of $238.98 and a 200 day simple moving average of $220.48. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13. The stock has a market cap of $120.63 billion, a P/E ratio of 62.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

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

Analog Devices Dividend Announcement

The company 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 $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is currently 101.02%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 target price on the stock. Truist Financial raised their target price on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a report on Thursday, August 21st. Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and raised their target price for the company from $250.00 to $270.00 in a report on Wednesday, June 18th. Morgan Stanley increased their price target on Analog Devices from $273.00 to $288.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, KGI Securities began coverage on Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and an average price target of $273.53.

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.