Oak Harvest Investment Services Boosts Position in Analog Devices, Inc. $ADI

Oak Harvest Investment Services grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.7% in the second quarter, HoldingsChannel reports. The fund owned 36,782 shares of the semiconductor company’s stock after acquiring an additional 613 shares during the quarter. Analog Devices accounts for about 1.1% of Oak Harvest Investment Services’ portfolio, making the stock its 28th largest position. Oak Harvest Investment Services’ holdings in Analog Devices were worth $8,755,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ADI. Activest Wealth Management raised its holdings in 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 purchasing an additional 127 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in Analog Devices in the 1st quarter worth about $33,000. Saudi Central Bank acquired a new stake in shares of Analog Devices in the first quarter valued at about $39,000. Finally, Nova Wealth Management Inc. acquired a new position in Analog Devices during the first quarter worth about $42,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares in the company, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25. Following the completion of the transaction, the director directly owned 142,571 shares of the company’s stock, valued at $32,821,269.91. This represents a 2.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,240 shares of company stock worth $15,301,891 in the last quarter. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ADI. Wells Fargo & Company raised their target price on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, August 21st. Evercore ISI lifted their price objective on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Truist Financial boosted their price objective on Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a research note on Thursday, August 21st. Finally, Zacks Research cut Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.89.

Analog Devices Stock Performance

NASDAQ ADI opened at $237.53 on Friday. The stock has a market cap of $116.85 billion, a PE ratio of 60.59, a P/E/G ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The stock has a fifty day simple moving average of $240.79 and a 200-day simple moving average of $233.04. 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 (NASDAQ:ADI) last announced its 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. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid 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 payout ratio is presently 101.02%.

Analog Devices 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.