Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 3.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,732,139 shares of the semiconductor company’s stock after acquiring an additional 51,565 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Analog Devices were worth $551,063,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Analog Devices in the 4th quarter valued at approximately $2,215,516,000. Bank of America Corp DE lifted its position in shares of Analog Devices by 42.8% during 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 purchasing an additional 2,912,666 shares during the last quarter. Amundi grew its stake in shares of Analog Devices by 44.8% during the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after purchasing an additional 1,922,302 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Analog Devices by 29.2% during the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock worth $1,186,714,000 after purchasing an additional 1,091,004 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Analog Devices by 3,456.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock valued at $287,398,000 after buying an additional 1,029,927 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Insider Buying and Selling at Analog Devices
In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the transaction, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% 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. Over the last quarter, insiders sold 101,442 shares of company stock valued at $41,139,054. Insiders own 0.36% of the company’s stock.
Key Headlines Impacting Analog Devices
- 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
Analog Devices Stock Up 1.7%
Shares of NASDAQ ADI opened at $385.40 on Thursday. The stock has a market cap of $187.72 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $445.91. The business has a 50-day moving average price of $408.53 and a 200 day moving average price of $352.05.
Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping 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 analyst estimates of $3.51 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The firm’s 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. Equities research analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current year.
Analog Devices Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Analog Devices’s payout ratio is presently 65.38%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Raymond James Financial restated an “outperform” rating and issued a $430.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Wells Fargo & Company increased their price objective on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wolfe Research reissued an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Needham & Company LLC boosted their target price on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Bank of America upped their price target on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $439.79.
Read Our Latest 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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