Osterweis Capital Management Inc. Buys Shares of 135,169 Analog Devices, Inc. $ADI

Osterweis Capital Management Inc. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, HoldingsChannel.com reports. The firm bought 135,169 shares of the semiconductor company’s stock, valued at approximately $53,685,000. Analog Devices comprises about 2.5% of Osterweis Capital Management Inc.’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new stake in Analog Devices in the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new position in Analog Devices during the second quarter worth about $25,000. Dunhill Financial LLC bought a new position in shares of Analog Devices in the second quarter valued at approximately $32,000. Quantbot Technologies LP bought a new position in Analog Devices during the second quarter valued at about $33,000. Finally, Banque Transatlantique SA bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $25,000. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. KeyCorp lifted their price objective on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a report on Thursday, August 20th. Truist Financial upped their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and set a $480.00 price target on shares of Analog Devices in a research report on Wednesday, August 19th. Finally, Citigroup lifted their price target on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Buy” and a consensus price target of $454.63.

Analog Devices Trading Down 0.5%

ADI opened at $371.17 on Tuesday. The business has a 50 day simple moving average of $387.12 and a two-hundred day simple moving average of $371.92. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The firm has a market capitalization of $179.86 billion, a price-to-earnings ratio of 44.03, a PEG ratio of 0.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s payout ratio is currently 52.19%.

Insider Buying and Selling at Analog Devices

In related news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares of the company’s stock, valued at $43,213,016.07. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction dated 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. This represents a 23.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 45,274 shares of company stock worth $17,889,486. Corporate insiders own 0.36% of the company’s stock.

About Analog Devices

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.