TMB Capital Partners LLC Purchases New Position in Analog Devices, Inc. $ADI

TMB Capital Partners LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 12,533 shares of the semiconductor company’s stock, valued at approximately $3,399,000. Analog Devices makes up approximately 1.2% of TMB Capital Partners LLC’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds have also modified their holdings of the company. ING Groep NV raised its holdings in shares of Analog Devices by 45.1% in the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after buying an additional 69,202 shares during the period. Nordea Investment Management AB increased its stake in Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after purchasing an additional 249,702 shares during the period. HF Advisory Group LLC increased its stake in Analog Devices by 661.6% in the fourth quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after purchasing an additional 43,168 shares during the period. Covenant Asset Management LLC bought a new stake in shares of Analog Devices during the fourth quarter worth $2,500,000. Finally, Jones Kertz & Associates Inc. bought a new stake in shares of Analog Devices during the fourth quarter worth $1,480,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Up 4.8%

NASDAQ ADI opened at $434.46 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The company has a market capitalization of $211.62 billion, a price-to-earnings ratio of 64.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The company’s 50-day simple moving average is $399.78 and its two-hundred day simple moving average is $340.00. Analog Devices, Inc. has a one year low of $218.37 and a one year high of $439.70.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The company’s revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Analog Devices’s dividend payout ratio is currently 65.38%.

Insider Buying and Selling

In other news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $398.11, for a total value of $563,723.76. Following the transaction, the director directly owned 118,759 shares in the company, valued at approximately $47,279,145.49. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,442 shares of company stock worth $40,422,954 over the last quarter. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

ADI has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $373.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Susquehanna boosted their price target on Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a report on Thursday, February 19th. Robert W. Baird increased their price objective on Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company raised their price objective on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $432.71.

Analog Devices 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.