Oaktop Capital Management II L.P. Makes New $185.16 Million Investment in Analog Devices, Inc. $ADI

Oaktop Capital Management II L.P. bought a new position in Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 466,196 shares of the semiconductor company’s stock, valued at approximately $185,159,000. Analog Devices makes up about 7.9% of Oaktop Capital Management II L.P.’s portfolio, making the stock its 3rd biggest position. Oaktop Capital Management II L.P. owned 0.10% of Analog Devices as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Riverbend Wealth Management LLC lifted its stake in Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 27 shares during the last quarter. Bridgewater Advisors Inc. boosted its holdings in Analog Devices by 1.5% in the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after purchasing an additional 27 shares during the period. Silicon Valley Capital Partners increased its stake in Analog Devices by 4.2% during the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 27 shares during the last quarter. Sound Income Strategies LLC increased its stake in Analog Devices by 12.0% during the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. raised its holdings in shares of Analog Devices by 5.0% during the fourth quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 32 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. The trade was a 23.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,274 shares of company stock worth $42,247,986 in the last quarter. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

ADI stock opened at $390.28 on Tuesday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The stock has a market capitalization of $190.10 billion, a price-to-earnings ratio of 57.99, a PEG ratio of 1.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The stock’s fifty day moving average is $390.93 and its two-hundred day moving average is $369.88.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The company’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Needham & Company LLC increased their price objective on shares of Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Jefferies Financial Group raised their target price on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Stifel Nicolaus upped their target price on Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $441.00.

Analog Devices 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.