Analog Devices, Inc. $ADI Shares Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 496,333 shares of the semiconductor company’s stock after acquiring an additional 17,299 shares during the period. Analog Devices accounts for approximately 2.4% of Fenimore Asset Management Inc’s holdings, making the stock its 16th biggest position. Fenimore Asset Management Inc’s holdings in Analog Devices were worth $118,137,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Hunter Perkins Capital Management LLC grew its holdings in shares of Analog Devices by 0.3% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 49,313 shares of the semiconductor company’s stock worth $11,737,000 after acquiring an additional 151 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Analog Devices by 1.2% during the second quarter. Valeo Financial Advisors LLC now owns 4,794 shares of the semiconductor company’s stock valued at $1,141,000 after purchasing an additional 59 shares during the last quarter. Plimoth Trust Co. LLC boosted its position in shares of Analog Devices by 1.8% in the 2nd quarter. Plimoth Trust Co. LLC now owns 2,623 shares of the semiconductor company’s stock valued at $624,000 after purchasing an additional 47 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Analog Devices by 22.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 559,663 shares of the semiconductor company’s stock valued at $133,079,000 after purchasing an additional 100,986 shares during the period. Finally, Three Bridge Wealth Advisors LLC purchased a new position in Analog Devices in the 2nd quarter worth about $290,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $241.99 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The business’s 50-day moving average price is $240.89 and its two-hundred day moving average price is $223.42. The company has a market capitalization of $119.05 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s payout ratio is presently 101.02%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler upped their price objective on shares of Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Barclays upped their price target on shares of Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Finally, Keefe, Bruyette & Woods raised Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $275.29.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company’s 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 completion of the sale, the director owned 155,071 shares of the company’s stock, valued at $38,290,131.32. This represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the transaction, the chief executive officer directly owned 23,515 shares in the company, valued at approximately $5,979,629.35. This represents a 45.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,240 shares of company stock valued at $12,737,838 in the last three months. 0.33% of the stock is currently owned by corporate 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.