Odyssean LLC Invests $865,000 in Analog Devices, Inc. $ADI

Odyssean LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,177 shares of the semiconductor company’s stock, valued at approximately $865,000.

Several other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new stake in Analog Devices during the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. purchased a new position in Analog Devices in the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in Analog Devices in the 2nd quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Analog Devices in the fourth quarter worth $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Analog Devices in the fourth quarter worth $27,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Price Performance

Analog Devices stock opened at $371.80 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $385.42 and a 200-day simple moving average of $372.64. The stock has a market cap of $180.16 billion, a P/E ratio of 44.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio is 52.19%.

Insider Activity at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. This trade represents a 8.32% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president owned 56,332 shares of the company’s stock, valued at $23,546,776. This represents a 23.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 45,274 shares of company stock valued at $17,889,486. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADI. Oppenheimer increased their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Citigroup upped their price target on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Truist Financial increased their price target on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Evercore reiterated an “outperform” rating and issued a $474.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Wells Fargo & Company lowered their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Buy” and an average target price of $454.63.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.