Varenne Capital Partners Trims Holdings in Analog Devices, Inc. $ADI

Varenne Capital Partners cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 13.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,156 shares of the semiconductor company’s stock after selling 10,888 shares during the period. Analog Devices accounts for about 4.6% of Varenne Capital Partners’ portfolio, making the stock its 9th biggest position. Varenne Capital Partners’ holdings in Analog Devices were worth $27,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Analog Devices during the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the second quarter worth $25,000. Dunhill Financial LLC bought a new stake in Analog Devices in the second quarter worth $32,000. Quantbot Technologies LP purchased a new position in Analog Devices during the second quarter worth $33,000. Finally, Caitlin John LLC bought a new position in Analog Devices during the second quarter valued at $35,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Price Performance

Shares of ADI opened at $362.25 on Monday. The firm has a fifty day moving average price of $377.17 and a 200-day moving average price of $374.17. 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 firm has a market capitalization of $175.54 billion, a P/E ratio of 42.97, a P/E/G ratio of 1.12 and a beta of 1.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91.

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

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. Needham & Company LLC upped their price target on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research report on Monday, June 29th. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Two 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 data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $454.63.

Insider Activity at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the completion of the sale, the director owned 10,019 shares of the company’s stock, valued at approximately $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the sale, the director owned 120,175 shares of the company’s stock, valued at $48,169,745.25. The trade was a 1.18% 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. In the last three months, insiders sold 41,363 shares of company stock valued at $15,477,939. 0.36% of the stock is owned by insiders.

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.