Renaissance Investment Group LLC Lowers Position in Analog Devices, Inc. $ADI

Renaissance Investment Group LLC trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,225 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Renaissance Investment Group LLC’s holdings in Analog Devices were worth $292,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ADI. Activest Wealth Management increased its position in shares of Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 127 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of Analog Devices during the 4th quarter worth approximately $27,000. Menard Financial Group LLC acquired a new stake in Analog Devices in the 4th quarter valued at approximately $27,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the first quarter valued at approximately $27,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Analog Devices in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ADI shares. Barclays lifted their price objective on Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Citigroup restated a “buy” rating and set a $290.00 target price (up from $260.00) on shares of Analog Devices in a report on Monday, July 7th. Wells Fargo & Company boosted their price target on shares of Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Noble Financial raised shares of Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Finally, Williams Trading set a $260.00 price objective on shares of Analog Devices in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.53.

Insider Activity

In other news, SVP Katsufumi Nakamura sold 2,490 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president directly owned 13,549 shares of the company’s stock, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the sale, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. This trade represents a 16.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,115 shares of company stock worth $9,529,113. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

Shares of ADI opened at $244.91 on Tuesday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The stock has a market capitalization of $120.48 billion, a PE ratio of 62.48, a PEG ratio of 2.07 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The stock has a 50-day simple moving average of $239.04 and a 200-day simple moving average of $220.47.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices’s payout ratio is 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.