MTM Investment Management LLC Takes $147,000 Position in Analog Devices, Inc. $ADI

MTM Investment Management LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 618 shares of the semiconductor company’s stock, valued at approximately $147,000.

Several other hedge funds and other institutional investors have also modified their holdings of ADI. Price T Rowe Associates Inc. MD grew its position in 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 buying an additional 2,407,460 shares in the last quarter. Nuveen LLC bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $351,943,000. Amundi increased its position 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 purchasing an additional 880,636 shares during the period. Geode Capital Management LLC raised its stake in shares of Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after purchasing an additional 633,425 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in Analog Devices by 211.9% during the first quarter. Voya Investment Management LLC now owns 745,251 shares of the semiconductor company’s stock worth $150,295,000 after buying an additional 506,314 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADI. Barclays increased their target price on Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, August 21st. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Zacks Research lowered Analog Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. BNP Paribas Exane began coverage on Analog Devices in a research report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Evercore ISI increased their target price on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $277.89.

Analog Devices Price Performance

ADI opened at $234.89 on Friday. The company has a fifty day moving average price of $240.54 and a two-hundred day moving average price of $233.61. The firm has a market capitalization of $115.56 billion, a PE ratio of 59.92, a P/E/G ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week 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.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 101.02%.

Insider Buying and Selling

In other news, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the transaction, the director owned 5,118 shares in the company, valued at $1,242,343.32. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $5,085,800.00. Following the completion of the transaction, the chief executive officer directly owned 23,515 shares in the company, valued at approximately $5,979,629.35. The trade was a 45.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,240 shares of company stock worth $15,301,891 over the last ninety days. Insiders own 0.33% of the company’s stock.

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.