Aviva PLC Buys 44,628 Shares of Analog Devices, Inc. $ADI

Aviva PLC lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.9% in the second quarter, HoldingsChannel reports. The fund owned 695,335 shares of the semiconductor company’s stock after acquiring an additional 44,628 shares during the period. Aviva PLC’s holdings in Analog Devices were worth $165,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. Solstein Capital LLC increased its stake in shares of Analog Devices by 2.0% in the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after purchasing an additional 46 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Analog Devices by 13.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 203,286 shares of the semiconductor company’s stock worth $48,386,000 after buying an additional 24,425 shares during the period. Savvy Advisors Inc. bought a new position in Analog Devices in the 2nd quarter worth $279,000. Nordea Investment Management AB increased its stake in Analog Devices by 108.2% in the 2nd quarter. Nordea Investment Management AB now owns 92,413 shares of the semiconductor company’s stock worth $21,927,000 after buying an additional 48,021 shares in the last quarter. Finally, Mendel Money Management bought a new stake in Analog Devices during the second quarter valued at about $253,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Down 1.9%

Shares of ADI stock opened at $228.48 on Friday. The stock’s 50 day simple moving average is $241.70 and its two-hundred day simple moving average is $231.70. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $258.13. The company has a market cap of $112.40 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s payout ratio is currently 101.02%.

Insider Buying and Selling

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. This represents a 16.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the transaction, the chief executive officer directly owned 163,640 shares in the company, valued at approximately $38,447,218. This trade represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 62,240 shares of company stock worth $15,301,891 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

ADI has been the subject of a number of recent analyst reports. BNP Paribas Exane began coverage on Analog Devices in a research note on Tuesday. They issued an “outperform” rating and a $300.00 price objective for the company. Evercore ISI boosted their price target on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. Stifel Nicolaus lifted their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $277.89.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.