Robeco Institutional Asset Management B.V. cut its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,512,294 shares of the semiconductor company’s stock after selling 79,038 shares during the period. Analog Devices makes up 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 23rd largest position. Robeco Institutional Asset Management B.V. owned approximately 0.31% of Analog Devices worth $599,942,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Diversify Advisory Services LLC increased its holdings in Analog Devices by 32.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 8,660 shares of the semiconductor company’s stock worth $3,498,000 after buying an additional 2,131 shares during the period. 55 North Private Wealth LLC raised its position in Analog Devices by 2.8% during the 3rd quarter. 55 North Private Wealth LLC now owns 1,018 shares of the semiconductor company’s stock worth $404,000 after buying an additional 28 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in Analog Devices by 3.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,144 shares of the semiconductor company’s stock worth $3,231,000 after buying an additional 299 shares during the last quarter. Norway Savings Bank lifted its stake in Analog Devices by 1.3% during the 3rd quarter. Norway Savings Bank now owns 13,195 shares of the semiconductor company’s stock valued at $5,235,000 after acquiring an additional 170 shares during the period. Finally, Commonwealth Financial Services LLC lifted its stake in Analog Devices by 11.9% during the 3rd quarter. Commonwealth Financial Services LLC now owns 632 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 67 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.
Analog Devices Stock Up 0.7%
Shares of ADI stock opened at $397.05 on Wednesday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The stock has a market cap of $192.40 billion, a P/E ratio of 47.10, a P/E/G ratio of 1.21 and a beta of 1.22. The stock has a 50 day moving average of $383.20 and a 200 day moving average of $388.18. 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 (NASDAQ:ADI – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts expect that Analog Devices, Inc. will post 12.99 EPS for the current year.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s payout ratio is currently 52.19%.
Insider Activity at Analog Devices
In related news, insider Vivek Jain sold 3,305 shares of the stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% 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 sold a total of 50,936 shares of company stock worth $19,430,764 in the last three months. Company insiders own 0.36% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday. Fundamental Research set a $550.00 target price on shares of Analog Devices in a report on Monday, June 29th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a research report on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. Finally, Needham & Company LLC increased their price target on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and a consensus price target of $460.55.
Get Our Latest Stock Report on Analog Devices
About Analog Devices
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.
The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.
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