Analog Devices, Inc. $ADI Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in Analog Devices, Inc. (NASDAQ:ADIFree Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,667 shares of the semiconductor company’s stock after buying an additional 1,477 shares during the quarter. IFM Investors Pty Ltd’s holdings in Analog Devices were worth $27,301,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in Analog Devices in the fourth quarter valued at about $26,000. Gordian Capital Singapore Pte Ltd acquired a new position in Analog Devices in the fourth quarter valued at about $27,000. Entrust Financial LLC acquired a new position in Analog Devices in the fourth quarter valued at about $33,000. Albion Financial Group UT lifted its position in Analog Devices by 41.4% in the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 36 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Analog Devices by 56.1% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 128 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Up 5.0%

ADI stock opened at $412.13 on Friday. The company’s 50 day moving average price is $389.82 and its 200 day moving average price is $334.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $439.70. The firm has a market capitalization of $200.74 billion, a price-to-earnings ratio of 61.24, a PEG ratio of 1.10 and a beta of 1.18.

Analog Devices (NASDAQ:ADIGet Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly 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. On average, equities research analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 2nd. Analog Devices’s dividend payout ratio is presently 65.38%.

Insider Buying and Selling

In related news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares in the company, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 99,026 shares of company stock worth $39,447,281. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADI. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Citigroup increased their price target on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group increased their price target on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. KeyCorp increased their price target on shares of Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Needham & Company LLC increased their price target on shares of Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $432.71.

Read Our Latest Analysis on ADI

About Analog Devices

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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