Katamaran Capital LLP Has $4.90 Million Position in Analog Devices, Inc. $ADI

Katamaran Capital LLP increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 44.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,601 shares of the semiconductor company’s stock after buying an additional 6,320 shares during the quarter. Analog Devices comprises 4.6% of Katamaran Capital LLP’s holdings, making the stock its 7th largest position. Katamaran Capital LLP’s holdings in Analog Devices were worth $4,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ADI. RMG Wealth Management LLC bought a new stake in Analog Devices in the second quarter valued at approximately $26,000. Activest Wealth Management lifted its position in Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 127 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Analog Devices in the first quarter valued at approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in Analog Devices in the first quarter valued at approximately $33,000. Finally, North Capital Inc. bought a new stake in Analog Devices in the first quarter valued at approximately $36,000. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director directly 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 at this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the sale, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,240 shares of company stock valued at $12,980,578 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent research reports. Barclays boosted their price objective on Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. UBS Group lowered their price objective on Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, July 7th. Morgan Stanley boosted their price objective on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Finally, Piper Sandler upped their target price on Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.

Analog Devices Price Performance

Shares of ADI stock opened at $237.88 on Friday. The stock has a market cap of $117.03 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 2.00 and a beta of 1.09. The business’s fifty day moving average is $241.59 and its 200 day moving average is $224.03. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $258.13. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24.

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

Analog Devices Dividend Announcement

The company also recently declared 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 yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s dividend payout ratio is presently 101.02%.

Analog Devices Company Profile

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.