Integrated Advisors Network LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 21.8% during the 1st quarter, Holdings Channel reports. The fund owned 13,336 shares of the semiconductor company’s stock after selling 3,720 shares during the period. Integrated Advisors Network LLC’s holdings in Analog Devices were worth $4,243,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Analog Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after purchasing an additional 503,970 shares during the last quarter. State Street Corp lifted its position in Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock valued at $6,369,833,000 after purchasing an additional 88,538 shares during the last quarter. Morgan Stanley lifted its position in Analog Devices by 1.9% during the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after purchasing an additional 194,535 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Analog Devices by 42.8% in the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after buying an additional 2,912,666 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $2,215,516,000. 86.81% of the stock is currently owned by institutional investors.
Insider Activity at Analog Devices
In other news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76. Following the transaction, the director directly owned 118,759 shares of the company’s stock, valued at approximately $47,279,145.49. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $53,605,435.50. This represents a 6.78% decrease in their position. 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. Over the last 90 days, insiders have sold 101,442 shares of company stock worth $41,139,054. Corporate insiders own 0.36% of the company’s stock.
Analog Devices Trading Down 3.7%
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company posted $1.85 EPS. Analog Devices’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Research analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ADI. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 price target on shares of Analog Devices in a report on Wednesday, May 20th. Arete Research raised Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price objective for the company in a research note on Monday, March 30th. KeyCorp lifted their target price on Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Cantor Fitzgerald boosted their target price on Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company boosted their target price on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.79.
Get Our Latest Stock Analysis on ADI
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.
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