Ironvine Capital Partners LLC Has $56.04 Million Stock Position in Analog Devices, Inc. $ADI

Ironvine Capital Partners LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 19.9% in the second quarter, according to its most recent disclosure 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 quarter. Analog Devices makes up approximately 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Banque Transatlantique SA purchased a new stake in Analog Devices in the 4th quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new position in Analog Devices during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC purchased a new position in Analog Devices during the 2nd quarter worth $25,000. Hilton Head Capital Partners LLC bought a new stake in Analog Devices during the 4th quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets assumed coverage on Analog Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $430.00 price target on the stock. Evercore reissued an “outperform” rating and issued a $474.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Morgan Stanley upped their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 price target on shares of Analog Devices in a report on Monday, August 17th. Finally, Needham & Company LLC boosted their price target on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Analog Devices has a consensus rating of “Buy” and an average target price of $454.63.

Analog Devices Trading Down 2.1%

NASDAQ:ADI opened at $354.52 on Wednesday. The stock has a market capitalization of $171.79 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.12 and a beta of 1.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $380.04 and a 200 day moving average of $373.68.

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

Analog Devices Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total value of $3,897,500.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $53,605,435.50. This trade represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the sale, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 31,363 shares of company stock valued at $11,914,639. 0.36% of the stock is currently owned by corporate insiders.

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.