Argus Investors Counsel Inc. Has $3.03 Million Holdings in Analog Devices, Inc. $ADI

Argus Investors Counsel Inc. raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,739 shares of the semiconductor company’s stock after buying an additional 95 shares during the period. Analog Devices comprises approximately 2.2% of Argus Investors Counsel Inc.’s holdings, making the stock its 15th largest holding. Argus Investors Counsel Inc.’s holdings in Analog Devices were worth $3,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH lifted its position in Analog Devices by 0.3% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 260,495 shares of the semiconductor company’s stock valued at $62,003,000 after acquiring an additional 817 shares in the last quarter. GoalFusion Wealth Management LLC purchased a new position in Analog Devices during the second quarter worth about $238,000. First American Bank raised its holdings in Analog Devices by 0.3% during the second quarter. First American Bank now owns 57,678 shares of the semiconductor company’s stock worth $13,729,000 after purchasing an additional 170 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in Analog Devices in the second quarter valued at $269,000. Finally, Novem Group raised its position in shares of Analog Devices by 13.6% during the 2nd quarter. Novem Group now owns 1,210 shares of the semiconductor company’s stock valued at $288,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. KeyCorp lifted their target price on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Citigroup restated a “buy” rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised shares of Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Finally, Stifel Nicolaus increased their target price on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.53.

Analog Devices Stock Up 0.0%

Shares of NASDAQ ADI opened at $247.56 on Friday. The company’s 50-day simple moving average is $239.79 and its 200-day simple moving average is $222.12. The firm has a market cap of $121.79 billion, a price-to-earnings ratio of 63.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. 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 (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. 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 presently 101.02%.

Insider Buying and Selling at Analog Devices

In other news, SVP Katsufumi Nakamura sold 2,490 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were 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 owned 13,549 shares of the company’s stock, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Martin Cotter sold 12,500 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,240 shares of company stock valued at $10,300,738 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Analog Devices Company 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.