Morningstar Investment Management LLC Acquires New Shares in Analog Devices, Inc. $ADI

Morningstar Investment Management LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,720 shares of the semiconductor company’s stock, valued at approximately $409,000.

Several other hedge funds also recently modified their holdings of the company. RFG Advisory LLC boosted its holdings in shares of Analog Devices by 3.3% during the 2nd quarter. RFG Advisory LLC now owns 2,221 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 70 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Analog Devices during the 2nd quarter valued at $234,000. Elefante Mark B boosted its holdings in shares of Analog Devices by 0.9% during the 2nd quarter. Elefante Mark B now owns 21,672 shares of the semiconductor company’s stock valued at $5,158,000 after acquiring an additional 185 shares in the last quarter. Kellett Wealth Advisors LLC bought a new stake in Analog Devices during the 2nd quarter worth approximately $216,000. Finally, NorthRock Partners LLC grew its holdings in Analog Devices by 5.5% during the 2nd quarter. NorthRock Partners LLC now owns 6,406 shares of the semiconductor company’s stock worth $1,524,000 after acquiring an additional 334 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ADI shares. Evercore ISI boosted their target price on shares of Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. KeyCorp boosted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Seaport Res Ptn raised shares of Analog Devices from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Morgan Stanley boosted their target price on shares of Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Truist Financial boosted their target price on shares of Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $275.29.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the transaction, the chief executive officer directly owned 23,515 shares of the company’s stock, valued at $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the transaction, the director directly owned 155,071 shares in the company, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,115 shares of company stock valued at $12,232,985 over the last 90 days. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 0.3%

Shares of NASDAQ ADI opened at $235.40 on Wednesday. The company has a market capitalization of $115.81 billion, a P/E ratio of 60.05, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week 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’s 50 day moving average price is $242.20 and its 200-day moving average price is $224.62.

Analog Devices (NASDAQ:ADI) last issued its quarterly 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. The firm had revenue of $2.88 billion for 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%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced 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 1.7%. Analog Devices’s dividend payout ratio is currently 101.02%.

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.