Swedbank AB Lowers Stock Position in Analog Devices, Inc. $ADI

Swedbank AB cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,510,137 shares of the semiconductor company’s stock after selling 253,210 shares during the period. Analog Devices makes up 1.2% of Swedbank AB’s holdings, making the stock its 11th biggest holding. Swedbank AB’s holdings in Analog Devices were worth $1,116,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Kiley Juergens Wealth Management LLC acquired a new position in shares of Analog Devices in the 1st quarter worth approximately $236,000. PUREfi Wealth LLC increased its holdings in Analog Devices by 84.1% in the 1st quarter. PUREfi Wealth LLC now owns 2,462 shares of the semiconductor company’s stock valued at $783,000 after purchasing an additional 1,125 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in Analog Devices by 247.3% in the 1st quarter. Kathmere Capital Management LLC now owns 3,838 shares of the semiconductor company’s stock valued at $1,221,000 after purchasing an additional 2,733 shares during the last quarter. Abel Hall LLC raised its position in Analog Devices by 27.9% in the first quarter. Abel Hall LLC now owns 2,857 shares of the semiconductor company’s stock valued at $909,000 after purchasing an additional 623 shares during the period. Finally, Bogart Wealth LLC raised its position in Analog Devices by 0.9% in the first quarter. Bogart Wealth LLC now owns 18,526 shares of the semiconductor company’s stock valued at $5,894,000 after purchasing an additional 170 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Down 3.7%

ADI stock traded down $14.49 during mid-day trading on Tuesday, reaching $374.34. The company had a trading volume of 1,040,463 shares, compared to its average volume of 4,303,627. The firm has a fifty day simple moving average of $409.39 and a 200 day simple moving average of $349.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The company has a market capitalization of $182.34 billion, a price-to-earnings ratio of 55.55, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. Analog Devices, Inc. has a fifty-two week low of $218.37 and a fifty-two week high of $445.91.

Analog Devices (NASDAQ:ADIGet Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts forecast that Analog Devices, Inc. will post 12.41 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is currently 65.38%.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total value of $3,897,500.00. Following the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $53,605,435.50. This trade represents a 6.78% decrease in their position. The sale 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 Analog Devices stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $398.11, for a total transaction of $563,723.76. Following the sale, the director directly owned 118,759 shares of the company’s stock, valued at approximately $47,279,145.49. This trade 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. Insiders have sold a total of 101,442 shares of company stock valued at $41,139,054 over the last quarter. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of several research analyst reports. Bank of America raised their price target on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Oppenheimer boosted their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Cantor Fitzgerald increased their target price on Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Weiss Ratings cut Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Truist Financial lifted their target price on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $439.79.

View Our Latest Stock Analysis on Analog Devices

Analog Devices Profile

(Free Report)

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.

Further Reading

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

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