Light Street Capital Management LLC Makes New Investment in Analog Devices, Inc. $ADI

Light Street Capital Management LLC bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 10,523 shares of the semiconductor company’s stock, valued at approximately $4,179,000. Analog Devices accounts for about 0.5% of Light Street Capital Management LLC’s holdings, making the stock its 25th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Analog Devices during the second quarter valued at about $18,610,868,000. Norges Bank acquired a new stake in Analog Devices during the fourth quarter worth about $2,215,516,000. Legal & General Group Plc bought a new position in Analog Devices during the second quarter valued at about $1,525,167,000. Bank of New York Mellon Corp bought a new position in Analog Devices during the second quarter valued at about $1,326,066,000. Finally, Primecap Management Co. CA acquired a new position in Analog Devices in the 2nd quarter valued at approximately $1,242,479,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ADI. Bank of America lifted their price objective on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Raymond James Financial restated an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, Robert W. Baird increased their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $454.63.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at $49,926,294. This represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the sale, the director owned 11,019 shares in the company, valued at $4,295,536.77. The trade was a 8.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,274 shares of company stock worth $17,889,486 in the last quarter. 0.36% of the stock is owned by company insiders.

Analog Devices Trading Down 0.5%

Shares of ADI opened at $371.80 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock has a market cap of $180.16 billion, a PE ratio of 44.10, a PEG ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The stock has a 50 day simple moving average of $385.42 and a 200-day simple moving average of $372.64.

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

Analog Devices Announces Dividend

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

Analog Devices Company 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.