BDF Gestion reduced its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,833 shares of the semiconductor company’s stock after selling 1,755 shares during the period. Analog Devices makes up approximately 0.8% of BDF Gestion’s holdings, making the stock its 25th largest holding. BDF Gestion’s holdings in Analog Devices were worth $5,488,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Analog Devices during the 2nd quarter worth about $18,610,868,000. Bank of America Corp DE grew its stake in Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after buying an additional 501,604 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after buying an additional 1,670,957 shares in the last quarter. Amundi increased its holdings in shares of Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after buying an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Analog Devices in the second quarter valued at approximately $1,525,167,000. 86.81% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently commented on ADI. Arete Research increased their price target on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. KeyCorp lifted their price objective on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Needham & Company LLC boosted their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. BMO Capital Markets started coverage on Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price objective on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $460.09.
Get Our Latest Analysis on Analog Devices
Insider Activity
In other news, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the transaction, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the sale, the chief executive officer owned 115,460 shares of the company’s stock, valued at approximately $45,830,692.40. This represents a 7.97% 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. In the last three months, insiders sold 50,936 shares of company stock worth $19,430,764. Corporate insiders own 0.36% of the company’s stock.
Analog Devices Trading Down 0.5%
NASDAQ:ADI traded down $2.11 during trading hours on Monday, hitting $393.33. 1,193,734 shares of the stock were exchanged, compared to its average volume of 4,022,611. The company’s 50 day moving average is $382.76 and its two-hundred day moving average is $387.11. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. 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 company has a market capitalization of $190.59 billion, a P/E ratio of 46.56, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22.
Analog Devices (NASDAQ:ADI – Get Free Report) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 12.99 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.
About Analog Devices
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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