OMERS ADMINISTRATION Corp purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 208,659 shares of the semiconductor company’s stock, valued at approximately $82,873,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Riverbend Wealth Management LLC raised its stake in Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 27 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in shares of Analog Devices by 1.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 27 shares in the last quarter. Silicon Valley Capital Partners boosted its stake in shares of Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 27 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Analog Devices by 12.0% during the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its holdings in shares of Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after purchasing an additional 32 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.
Analog Devices Stock Performance
NASDAQ ADI opened at $373.09 on Monday. The firm has a market capitalization of $180.79 billion, a PE ratio of 44.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The business’s 50-day moving average price is $388.25 and its two-hundred day moving average price is $371.50. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.
Analog Devices Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.
Key Stories Impacting Analog Devices
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Strong earnings and guidance: ADI reported record fiscal Q3 revenue of $4.02 billion, up about 40% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also exceeded expectations. Management’s fiscal Q4 EPS outlook of $3.71 to $4.01 points to continued momentum. Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/Y
- Positive Sentiment: AI and data-center growth: Revenue from data-center applications reportedly more than doubled, while demand tied to AI infrastructure, power management, optical connectivity and energy systems is creating a multiyear growth opportunity. Management highlighted a potential 100-gigawatt data-center buildout by 2031. Analog Devices Q3 Earnings Call Highlights AI Power Growth Runway
- Positive Sentiment: Broad analyst support: JPMorgan raised its price target to $500 and maintained an Overweight rating. Needham, TD Cowen and Susquehanna also reiterated Buy-equivalent ratings, with targets ranging from $450 to $475. These revisions reflect confidence in AI demand, margin expansion and an improving industrial recovery. Analog Devices Is Cashing in on the AI Boom
- Neutral Sentiment: Relative investment appeal: Comparisons with Texas Instruments and dividend-focused AI investment ideas portray ADI as a financially solid way to gain analog-chip and AI exposure, though they do not represent new company-specific catalysts. ADI vs. TXN: Which Analog Processing Chip Stock Has an Edge Right Now?
- Negative Sentiment: Macro and valuation risks: Semiconductor stocks faced pressure from a sharp rise in the 30-year Treasury yield, which can weigh on high-valuation growth shares. One analysis also downgraded ADI, arguing that multiple contraction and elevated expectations could limit gains despite strong fundamentals. Chip Stocks Fell on Higher Treasury Yields
Insider Activity
In other news, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,274 shares of company stock worth $30,343,386 in the last 90 days. 0.36% of the stock is owned by company insiders.
Analysts Set New Price Targets
ADI has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley boosted their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday. Argus set a $460.00 price target on shares of Analog Devices in a report on Tuesday, May 26th. Truist Financial upped their price target on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Finally, Citigroup raised their price objective on Analog Devices from $400.00 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-six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $447.13.
View Our Latest Stock Report 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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