CHURCHILL MANAGEMENT Corp Purchases 1,914 Shares of Analog Devices, Inc. $ADI

CHURCHILL MANAGEMENT Corp boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,797 shares of the semiconductor company’s stock after purchasing an additional 1,914 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Analog Devices were worth $10,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its position in shares of Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock valued at $6,262,000 after buying an additional 22,973 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Analog Devices in the first quarter worth approximately $296,000. Keybank National Association OH boosted its holdings in Analog Devices by 85.8% in the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock valued at $5,461,000 after acquiring an additional 12,505 shares during the last quarter. Eastern Bank increased its position in Analog Devices by 6.0% during the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock valued at $39,664,000 after purchasing an additional 11,101 shares during the period. Finally, McLean Asset Management Corp bought a new position in Analog Devices during the 2nd quarter worth approximately $262,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Raymond James Financial upgraded shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their target price on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. The Goldman Sachs Group began coverage on Analog Devices in a report on Thursday, July 10th. They issued a “buy” rating and a $285.00 price target on the stock. Finally, Morgan Stanley upped their target price on Analog Devices from $273.00 to $288.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $275.29.

Analog Devices Stock Down 2.6%

ADI stock opened at $239.28 on Thursday. The firm has a market capitalization of $117.71 billion, a PE ratio of 61.04, a P/E/G ratio of 2.07 and a beta of 1.09. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The stock’s 50 day moving average is $240.30 and its 200-day moving average is $222.78.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating 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 analyst estimates of $2.76 billion. During the same period in the prior year, the firm posted $1.58 EPS. Analog Devices’s quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Sell-side 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. Investors 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 presently 101.02%.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 23,515 shares of the company’s stock, valued at approximately $5,979,629.35. This represents a 45.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred 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 directly owned 155,071 shares in the company, valued at approximately $38,290,131.32. This represents a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,240 shares of company stock valued at $10,300,738 in the last three months. 0.33% of the stock is owned by company insiders.

About Analog Devices

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.