Varenne Capital Partners Lowers Stake in Analog Devices, Inc. $ADI

Varenne Capital Partners trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,156 shares of the semiconductor company’s stock after selling 10,888 shares during the period. Analog Devices comprises 4.6% of Varenne Capital Partners’ portfolio, making the stock its 9th biggest holding. Varenne Capital Partners’ holdings in Analog Devices were worth $27,844,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ADI. BlackRock Inc. bought a new position in shares of Analog Devices in the 2nd quarter worth approximately $18,610,868,000. Bank of America Corp DE bought a new stake in Analog Devices during the second quarter valued at approximately $3,573,081,000. Norges Bank bought a new stake in Analog Devices during the fourth quarter valued at approximately $2,215,516,000. Legal & General Group Plc purchased a new stake in Analog Devices during the second quarter valued at approximately $1,525,167,000. Finally, Bank of New York Mellon Corp purchased a new stake in Analog Devices during the second quarter valued at approximately $1,326,066,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $362.25 on Monday. The company has a market capitalization of $175.54 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 1.12 and a beta of 1.20. 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 stock’s 50-day simple moving average is $377.17 and its 200-day simple moving average is $374.17. 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 earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $2.05 EPS. The firm’s quarterly 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. As a group, analysts expect that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued 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 dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADI. BMO Capital Markets started coverage on shares of Analog Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $430.00 price target on the stock. Citigroup lifted their target price on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Oppenheimer raised their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. 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. Finally, Jefferies Financial Group boosted their price objective on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $454.63.

Insider Transactions at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the completion of the transaction, the chief executive officer directly owned 134,660 shares of the company’s stock, valued at approximately $47,983,397.80. This trade represents a 6.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 41,363 shares of company stock worth $15,477,939. 0.36% of the stock is owned by insiders.

Analog Devices Company 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.