Giverny Capital Inc. Sells 77,742 Shares of Analog Devices, Inc. $ADI

Giverny Capital Inc. decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 45.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,310 shares of the semiconductor company’s stock after selling 77,742 shares during the quarter. Analog Devices makes up approximately 1.3% of Giverny Capital Inc.’s portfolio, making the stock its 25th largest holding. Giverny Capital Inc.’s holdings in Analog Devices were worth $37,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Banque Transatlantique SA acquired a new position in Analog Devices during the 4th quarter worth $25,000. Contravisory Investment Management Inc. bought a new stake in Analog Devices during the second quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Analog Devices in the fourth quarter valued at about $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Analog Devices during the 4th quarter worth about $27,000. 86.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total value of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares in the company, valued at approximately $43,213,016.07. The trade was a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total value of $3,563,300.00. Following the sale, the chief executive officer owned 134,660 shares in the company, valued at $47,983,397.80. The trade was a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,363 shares of company stock valued at $15,477,939 in the last 90 days. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ADI shares. Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a research note on Thursday, August 20th. Wells Fargo & Company dropped their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, August 20th. TD Cowen reiterated a “buy” rating and set a $460.00 price target on shares of Analog Devices in a report on Thursday, August 20th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. Finally, Bank of America raised their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $454.63.

Analog Devices Stock Performance

Analog Devices stock opened at $362.25 on Monday. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The firm has a market capitalization of $175.54 billion, a P/E ratio of 42.97, a P/E/G ratio of 1.12 and a beta of 1.20. The stock has a fifty day moving average price of $377.17 and a two-hundred day moving average price of $374.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The firm 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 company’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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%.

About Analog Devices

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.