Resona Asset Management Co. Ltd. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 1.0% in the first quarter, HoldingsChannel reports. The firm owned 158,012 shares of the semiconductor company’s stock after buying an additional 1,595 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Analog Devices were worth $49,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in shares of Analog Devices during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Analog Devices in the fourth quarter worth about $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices in the fourth quarter worth about $27,000. Evolution Wealth Management Inc. acquired a new stake in Analog Devices during the first quarter worth about $30,000. Finally, Albion Financial Group UT raised its position in Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 36 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.
Analog Devices Stock Performance
Shares of ADI stock opened at $385.40 on Thursday. The company has a market capitalization of $187.72 billion, a P/E ratio of 57.27, a P/E/G ratio of 1.06 and a beta of 1.18. The business’s 50 day moving average is $408.53 and its two-hundred day moving average is $352.05. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $445.91.
Analog Devices Announces Dividend
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. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.
Insider Activity at Analog Devices
In other Analog Devices news, Director Karen Golz sold 1,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $411.95, for a total transaction of $411,950.00. Following the transaction, the director directly owned 12,019 shares of the company’s stock, valued at $4,951,227.05. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $398.11, for a total transaction of $563,723.76. Following the completion of the sale, the director owned 118,759 shares in the company, valued at approximately $47,279,145.49. This trade represents a 1.18% 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. Insiders sold a total of 101,442 shares of company stock worth $41,139,054 in the last quarter. 0.36% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ADI. Barclays boosted their price target on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Truist Financial lifted their target price on shares of Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Evercore reiterated an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price target on shares of Analog Devices in a report on Wednesday, May 20th. Finally, Cantor Fitzgerald raised their price target on shares of Analog Devices from $510.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $439.79.
Check Out Our Latest Stock Analysis on Analog Devices
Trending Headlines about Analog Devices
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Analog Devices completed its acquisition of Empower Semiconductor, a move that expands ADI’s capabilities in AI compute power delivery and broadens its addressable market in the AI ecosystem. Analog Devices Completes Acquisition of Empower Semiconductor
- Positive Sentiment: ADI announced plans to invest more than $1 billion to expand its semiconductor facility in Oregon, signaling long-term capacity expansion and confidence in future demand. Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon
- Positive Sentiment: Investor commentary highlighted strong growth in ADI’s most recent quarter, reinforcing the company’s solid fundamentals after it beat earnings and revenue expectations. Strong Growth Fueled Analog Devices (ADI) in Q1
- Neutral Sentiment: ADI secured a new $3.0 billion revolving credit facility, which improves financial flexibility but does not by itself change operating performance. Analog Devices (ADI) Could Be 16% Undervalued As It Secures A $3.0b Credit Facility
- Negative Sentiment: CEO Vincent Roche sold 10,000 shares in a pre-arranged transaction, which may weigh on sentiment even though the sale was part of a 10b5-1 plan. Insider Selling: Analog Devices (NASDAQ:ADI) CEO Sells $3,897,500.00 in Stock
- Negative Sentiment: ADI shares recently lagged the broader market in a down session, reflecting some short-term pressure after a strong run-up. Analog Devices (ADI) Dips More Than Broader Market: What You Should Know
About Analog Devices
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.
Recommended Stories
- Five stocks we like better than Analog Devices
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
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:ADI – Free Report).
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.
