Analog Devices, Inc. $ADI Shares Bought by Leelyn Smith LLC

Leelyn Smith LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,692 shares of the semiconductor company’s stock after acquiring an additional 395 shares during the quarter. Analog Devices makes up about 0.9% of Leelyn Smith LLC’s portfolio, making the stock its 27th biggest holding. Leelyn Smith LLC’s holdings in Analog Devices were worth $5,401,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of ADI. Price T Rowe Associates Inc. MD lifted its position in shares of Analog Devices by 26.7% during the first 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 purchasing an additional 2,407,460 shares in the last quarter. Nuveen LLC purchased a new position in shares of Analog Devices during the first quarter worth approximately $351,943,000. Amundi lifted its position in Analog Devices by 29.2% in the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after purchasing an additional 880,636 shares during the period. Voya Investment Management LLC boosted its position in shares of Analog Devices by 211.9% during the 1st quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock worth $150,295,000 after purchasing an additional 506,314 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Analog Devices by 52.5% during the 1st quarter. National Bank of Canada FI now owns 1,265,440 shares of the semiconductor company’s stock worth $255,200,000 after buying an additional 435,881 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ADI. Truist Financial increased their target price on shares of Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a research report on Thursday, August 21st. KeyCorp lifted their price target on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. 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. Citigroup restated a “buy” rating and set a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Finally, Benchmark increased their price target on Analog Devices from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Two equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $275.29.

Analog Devices Stock Performance

NASDAQ:ADI opened at $238.01 on Friday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The business’s fifty day moving average is $244.35 and its 200 day moving average is $227.58. 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 firm has a market cap of $117.09 billion, a price-to-earnings ratio of 60.72, a PEG ratio of 2.05 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last released its quarterly 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 return on equity of 10.32% and a net margin of 18.85%.The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company’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. Research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the sale, the chief executive officer owned 140,118 shares of the company’s stock, valued at approximately $34,148,157.78. This trade represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction on 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 transaction, the senior vice president owned 13,549 shares of the company’s stock, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,115 shares of company stock valued at $12,232,985 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

About Analog Devices

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.