McLean Asset Management Corp Acquires Shares of 1,069 Analog Devices, Inc. $ADI

McLean Asset Management Corp purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,069 shares of the semiconductor company’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Analog Devices by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company’s stock worth $9,975,681,000 after acquiring an additional 359,841 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 acquiring an additional 2,407,460 shares in the last quarter. Raymond James Financial Inc. raised its stake in Analog Devices by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company’s stock worth $793,616,000 after acquiring an additional 12,666 shares in the last quarter. Amundi raised its stake in Analog Devices by 29.2% during the 1st quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock worth $785,071,000 after acquiring an additional 880,636 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Analog Devices by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,397,181 shares of the semiconductor company’s stock worth $685,109,000 after acquiring an additional 63,566 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on ADI shares. Cowen reiterated a “buy” rating on shares of Analog Devices in a research note on Friday, May 23rd. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an “outperform” rating in a research note on Wednesday, June 18th. Seaport Res Ptn raised shares of Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. KGI Securities assumed coverage on shares of Analog Devices in a report on Friday, May 23rd. They issued a “buy” rating on the stock. Finally, Benchmark lifted their target price on shares of Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, August 21st. 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’s stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $273.53.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. This represents a 16.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,115 shares of company stock valued at $9,529,113 over the last ninety days. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Performance

Shares of ADI stock opened at $245.21 on Friday. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. 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 company has a 50 day moving average price of $238.98 and a 200 day moving average price of $220.48. The firm has a market capitalization of $120.63 billion, a price-to-earnings ratio of 62.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last released 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. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. Analog Devices’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. Sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.99 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices’s dividend payout ratio is 101.02%.

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.