Panagora Asset Management Inc. boosted its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 1,870.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,482 shares of the semiconductor company’s stock after buying an additional 132,405 shares during the quarter. Panagora Asset Management Inc.’s holdings in Analog Devices were worth $37,828,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices in the 4th quarter worth $26,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices in the 4th quarter worth $27,000. Y.D. More Investments Ltd acquired a new stake in Analog Devices in the 3rd quarter worth $32,000. Albion Financial Group UT grew its position in Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 36 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in Analog Devices in the 4th quarter worth $33,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This trade represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares of the company’s stock, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 101,442 shares of company stock valued at $40,422,954. Company insiders own 0.36% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Analog Devices
Analog Devices Trading Up 2.3%
Shares of ADI stock opened at $427.58 on Tuesday. Analog Devices, Inc. has a 12-month low of $218.37 and a 12-month high of $439.70. The company has a market capitalization of $208.27 billion, a P/E ratio of 63.53, a P/E/G ratio of 1.17 and a beta of 1.18. The firm has a 50-day moving average price of $393.95 and a 200 day moving average price of $336.60. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the firm posted $1.85 EPS. The firm’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Research analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is currently 65.38%.
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.
Featured Stories
- Five stocks we like better than Analog Devices
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.
