Reynders McVeigh Capital Management LLC Has $95.65 Million Stock Holdings in Analog Devices, Inc. $ADI

by · The Cerbat Gem

Reynders McVeigh Capital Management LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 1.8% in the second quarter, Holdings Channel reports. The institutional investor owned 240,828 shares of the semiconductor company’s stock after selling 4,424 shares during the quarter. Analog Devices comprises about 3.9% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 7th biggest position. Reynders McVeigh Capital Management LLC’s holdings in Analog Devices were worth $95,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Analog Devices in the 2nd quarter worth about $18,610,868,000. State Street Corp lifted its holdings in shares of Analog Devices by 0.4% in the 4th quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after acquiring an additional 88,538 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Analog Devices during the second quarter valued at about $3,573,081,000. Van ECK Associates Corp grew its position in Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Analog Devices in the fourth quarter worth $2,215,516,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $362.85, for a total value of $513,795.60. Following the completion of the transaction, the director owned 111,679 shares of the company’s stock, valued at approximately $40,522,725.15. The trade was a 1.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the transaction, the chief executive officer directly owned 134,660 shares of the company’s stock, valued at $47,983,397.80. The trade was a 6.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,431 shares of company stock valued at $14,987,547 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 0.1%

Shares of ADI stock traded up $0.33 during trading hours on Tuesday, hitting $361.35. 2,400,920 shares of the company’s stock traded hands, compared to its average volume of 4,140,372. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $374.58 and its two-hundred day simple moving average is $374.84. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The stock has a market cap of $175.10 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 1.17 and a beta of 1.20.

Analog Devices (NASDAQ:ADIGet Free Report) last issued 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. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $2.05 earnings per share. The company’s 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, analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Analog Devices in a research report on Tuesday, September 8th. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective on the stock in a research report on Thursday, August 20th. Wells Fargo & Company decreased their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $480.00 target price on shares of Analog Devices in a research report on Wednesday, August 19th. Finally, Morgan Stanley lifted their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $457.97.

Check Out Our Latest Analysis on ADI

Analog Devices Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.

See Also

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADIFree Report).