Argus Investors Counsel Inc. Increases Position in Analog Devices, Inc. $ADI

Argus Investors Counsel Inc. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,739 shares of the semiconductor company’s stock after acquiring an additional 95 shares during the quarter. Analog Devices makes up 2.2% of Argus Investors Counsel Inc.’s portfolio, making the stock its 15th biggest position. Argus Investors Counsel Inc.’s holdings in Analog Devices were worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Analog Devices by 26.7% during the 1st 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 buying an additional 2,407,460 shares in the last quarter. GAMMA Investing LLC boosted its stake in Analog Devices by 25,460.1% in the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company’s stock valued at $446,037,000 after buying an additional 2,203,062 shares in the last quarter. Nuveen LLC acquired a new position in shares of Analog Devices in the first quarter worth approximately $351,943,000. Amundi increased its holdings in shares of Analog Devices by 29.2% during the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company’s stock valued at $785,071,000 after acquiring an additional 880,636 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Analog Devices by 229.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 796,824 shares of the semiconductor company’s stock valued at $160,695,000 after purchasing an additional 555,065 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADI has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and issued a $290.00 price target (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised shares of Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Cantor Fitzgerald raised shares of Analog Devices from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $250.00 to $270.00 in a research report on Wednesday, June 18th. The Goldman Sachs Group started coverage on shares of Analog Devices in a research report on Thursday, July 10th. They issued a “buy” rating and a $285.00 price target on the stock. Finally, Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $273.53.

Insider Buying and Selling

In other news, Director Ray Stata sold 3,125 shares of the firm’s 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 owned 155,071 shares in the company, valued at approximately $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the business’s stock in a transaction that occurred 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 directly owned 13,549 shares of the company’s stock, valued at $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,240 shares of company stock worth $10,300,738. 0.33% of the stock is owned by company insiders.

Analog Devices Price Performance

NASDAQ:ADI opened at $247.56 on Friday. Analog Devices, Inc. has a one year low of $158.65 and a one year 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 stock has a market cap of $121.79 billion, a PE ratio of 63.15, a P/E/G ratio of 2.09 and a beta of 1.08. The stock has a 50 day moving average price of $239.79 and a 200 day moving average price of $222.12.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the firm posted $1.58 EPS. The business’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. Equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio 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.