Clark Asset Management LLC Boosts Stock Holdings in Analog Devices, Inc. $ADI

Clark Asset Management LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 34.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,899 shares of the semiconductor company’s stock after buying an additional 735 shares during the quarter. Clark Asset Management LLC’s holdings in Analog Devices were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ADI. Price T Rowe Associates Inc. MD grew its holdings 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 valued at $2,304,098,000 after buying an additional 2,407,460 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Analog Devices during the first quarter valued at approximately $351,943,000. Amundi boosted its holdings in Analog Devices by 29.2% in the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock worth $785,071,000 after purchasing an additional 880,636 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Analog Devices by 211.9% in the first 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 during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Analog Devices by 52.5% in the first quarter. National Bank of Canada FI now owns 1,265,440 shares of the semiconductor company’s stock worth $255,200,000 after purchasing an additional 435,881 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Analog Devices from $215.00 to $245.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. UBS Group dropped their target price on shares of Analog Devices from $285.00 to $280.00 and set a “buy” rating on the stock in a report on Monday, July 7th. Benchmark raised their target price on shares of Analog Devices from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Evercore ISI raised 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. Finally, Truist Financial raised 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 equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $275.29.

Insiders Place Their Bets

In other news, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the sale, the director directly owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares in the company, valued at $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,115 shares of company stock valued at $12,232,985. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 2.1%

ADI opened at $243.01 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13. The company has a market capitalization of $119.55 billion, a PE ratio of 61.99, a PEG ratio of 2.01 and a beta of 1.09. The firm’s 50 day simple moving average is $244.58 and its two-hundred day simple moving average is $228.55.

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, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given 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 presently 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.