DAVENPORT & Co LLC Boosts Stock Holdings in Analog Devices, Inc. $ADI

DAVENPORT & Co LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 22.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 559,663 shares of the semiconductor company’s stock after buying an additional 100,986 shares during the quarter. DAVENPORT & Co LLC’s holdings in Analog Devices were worth $133,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft lifted its holdings in Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 43 shares during the last quarter. EFG Asset Management North America Corp. raised its position in shares of Analog Devices by 0.3% in the first quarter. EFG Asset Management North America Corp. now owns 14,209 shares of the semiconductor company’s stock valued at $2,866,000 after purchasing an additional 47 shares during the period. Regatta Capital Group LLC lifted its stake in shares of Analog Devices by 4.5% during the 2nd quarter. Regatta Capital Group LLC now owns 1,124 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 48 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in 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 worth $1,966,000 after buying an additional 50 shares during the period. Finally, Heritage Financial Services LLC grew its stake in Analog Devices by 1.6% in the 1st quarter. Heritage Financial Services LLC now owns 3,317 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 53 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. KeyCorp raised their price target on Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Morgan Stanley increased their price objective on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Wells Fargo & Company lifted their target price on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, August 21st. Cantor Fitzgerald upped their price target on Analog Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Finally, Raymond James Financial upgraded shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $275.29.

Analog Devices Price Performance

ADI opened at $241.99 on Monday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $119.05 billion, a P/E ratio of 61.73, a PEG ratio of 2.04 and a beta of 1.09. The stock has a 50-day moving average price of $240.89 and a 200-day moving average price of $223.42. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.Analog Devices’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $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 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. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date 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%.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president directly owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. The trade was a 16.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the sale, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,240 shares of company stock valued at $12,737,838 in the last 90 days. 0.33% of the stock is owned by company 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.