Odyssean LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) during the second quarter, Holdings Channel reports. The firm purchased 2,177 shares of the semiconductor company’s stock, valued at approximately $865,000.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Analog Devices in the second quarter valued at approximately $18,610,868,000. State Street Corp grew its position in shares of Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after acquiring an additional 88,538 shares during the last quarter. Morgan Stanley increased its holdings in shares of Analog Devices by 1.9% in the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after acquiring an additional 194,535 shares during the period. Bank of America Corp DE increased its holdings in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after acquiring an additional 501,604 shares during the period. Finally, Norges Bank purchased a new stake in Analog Devices in the 4th quarter valued at $2,215,516,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
Insider Activity
In other news, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director directly owned 114,511 shares of the company’s stock, valued at approximately $43,213,016.07. This represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $49,926,294. This represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 45,274 shares of company stock worth $17,889,486 in the last three months. 0.36% of the stock is currently owned by company insiders.
Analog Devices Stock Performance
Analog Devices (NASDAQ:ADI – Get Free Report) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the business earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.
Analog Devices Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.
Analyst Ratings Changes
A number of brokerages recently weighed in on ADI. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. Needham & Company LLC lifted their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Barclays upped their target price on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Morgan Stanley increased 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, August 20th. Finally, Oppenheimer boosted their price target on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Analog Devices presently has an average rating of “Buy” and a consensus target price of $454.63.
Check Out Our Latest Stock Report on Analog Devices
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.
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