Payden & Rygel lowered its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 16.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 57,090 shares of the semiconductor company’s stock after selling 11,210 shares during the period. Analog Devices accounts for approximately 1.8% of Payden & Rygel’s holdings, making the stock its 13th largest position. Payden & Rygel’s holdings in Analog Devices were worth $22,648,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ADI. Contravisory Investment Management Inc. bought a new stake in Analog Devices in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Nvwm LLC boosted its stake in shares of Analog Devices by 590.0% during the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 59 shares during the period. Dunhill Financial LLC acquired a new position in shares of Analog Devices during the 2nd quarter worth approximately $32,000. Finally, Cornerstone Financial Management LLC increased its holdings in shares of Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Insider Buying and Selling
In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the transaction, the chief financial officer directly owned 48,177 shares in the company, valued at approximately $18,763,014.42. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $420.04, for a total value of $594,776.64. Following the completion of the transaction, the director directly owned 108,847 shares of the company’s stock, valued at $45,720,093.88. This represents a 1.28% decrease in their position. 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 52,436 shares of company stock worth $20,014,954 in the last quarter. Corporate insiders own 0.36% of the company’s stock.
Analog Devices Trading Down 3.7%
Shares of NASDAQ:ADI opened at $417.11 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a market capitalization of $202.12 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.33 and a beta of 1.22. The business’s 50 day simple moving average is $388.54 and its 200 day simple moving average is $371.13.
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 39.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.
Analog Devices Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. 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 dividend payout ratio is currently 52.19%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on ADI shares. Morgan Stanley increased their price target on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective on the stock in a report on Thursday, August 20th. Evercore decreased their price objective on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. Finally, Piper Sandler set a $460.00 target price on shares of Analog Devices in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $460.55.
View Our Latest Analysis on Analog Devices
Analog Devices Company Profile
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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