Ironvine Capital Partners LLC Decreases Position in Analog Devices, Inc. $ADI

Ironvine Capital Partners LLC decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 19.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,087 shares of the semiconductor company’s stock after selling 35,123 shares during the period. Analog Devices accounts for about 4.9% of Ironvine Capital Partners LLC’s investment portfolio, making the stock its 6th largest position. Ironvine Capital Partners LLC’s holdings in Analog Devices were worth $56,036,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ADI. Contravisory Investment Management Inc. bought a new position in Analog Devices in the 2nd quarter worth $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices during the second quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in Analog Devices during the second quarter valued at about $32,000. Quantbot Technologies LP purchased a new position in shares of Analog Devices in the second quarter valued at about $33,000. Finally, Caitlin John LLC purchased a new position in shares of Analog Devices in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Analog Devices stock opened at $354.52 on Wednesday. The company has a market cap of $171.79 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.12 and a beta of 1.20. The firm’s fifty day moving average is $380.04 and its 200 day moving average is $373.68. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company posted $2.05 EPS. The business’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on ADI. Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research note on Thursday, August 20th. Needham & Company LLC lifted their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 target price on shares of Analog Devices in a report on Monday, August 17th. Jefferies Financial Group upped their target price on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company reduced their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $454.63.

Insider Buying and Selling

In related news, Director Karen Golz sold 1,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total transaction of $374,500.00. Following the sale, the director owned 10,019 shares in the company, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at approximately $49,926,294. This represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,363 shares of company stock valued at $11,914,639 over the last quarter. Company insiders own 0.36% of the company’s stock.

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.