1,524 Analog Devices, Inc. $ADI Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lowered its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,910 shares of the semiconductor company’s stock after selling 1,524 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Analog Devices were worth $3,535,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. IPG Investment Advisors LLC acquired a new position in shares of Analog Devices in the second quarter worth about $1,922,000. Birch Hill Investment Advisors LLC boosted its holdings in Analog Devices by 18.5% in the third quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock valued at $53,077,000 after purchasing an additional 20,889 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Analog Devices during the 2nd quarter valued at approximately $500,414,000. Finally, Ieq Capital LLC acquired a new stake in Analog Devices during the 2nd quarter valued at approximately $19,643,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $363.56 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market cap of $176.17 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.88 and a beta of 1.24. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The business has a 50-day moving average price of $390.52 and a 200 day moving average price of $373.48.

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, beating 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 firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Analog Devices’s revenue for the quarter 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. On average, sell-side analysts forecast that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.

Insiders Place Their Bets

In related news, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $407.28, for a total transaction of $576,708.48. Following the sale, the director directly owned 106,015 shares of the company’s stock, valued at approximately $43,177,789.20. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider owned 14,849 shares in the company, valued at $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 52,436 shares of company stock worth $20,681,906. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Needham & Company LLC lifted their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Evercore decreased their price target on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Morgan Stanley increased their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $460.55.

Read Our Latest Research Report on Analog Devices

About Analog Devices

(Free Report)

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.

See Also

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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