Johnson Investment Counsel Inc. Has $101.77 Million Stock Position in Analog Devices, Inc. $ADI

Johnson Investment Counsel Inc. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 427,561 shares of the semiconductor company’s stock after purchasing an additional 3,194 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.09% of Analog Devices worth $101,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 127 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Analog Devices in the 2nd quarter worth about $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices in the 1st quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices in the 1st quarter worth about $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices in the 1st quarter worth about $36,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADI. Citigroup restated a “buy” rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Stifel Nicolaus upped 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. Barclays upped their target price on shares of Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, August 21st. Morgan Stanley upped their price objective on shares of Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods raised shares of Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $275.29.

Insider Activity

In other news, CEO Vincent Roche sold 20,000 shares of the stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 of the company’s stock, valued at $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. Over the last ninety days, insiders sold 52,240 shares of company stock worth $12,980,578. 0.33% of the stock is owned by insiders.

Analog Devices Trading Down 5.3%

Shares of ADI stock opened at $225.32 on Friday. 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 has a 50-day simple moving average of $241.66 and a two-hundred day simple moving average of $224.21. The company has a market capitalization of $110.85 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 1.90 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last released its earnings results 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. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the firm earned $1.58 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. 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.