160,094 Analog Devices, Inc. $ADI Shares Acquired by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama increased its Analog Devices stake by 156.1%, buying 160,094 shares in the third quarter to hold 262,656 shares worth about $104.2 million.
• Analog Devices beat quarterly estimates, reporting EPS of $3.45 and revenue of $4.02 billion; revenue rose 39.2% year over year. The company issued fourth-quarter EPS guidance of $3.71–$4.01.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $460.55; 29 analysts rated the stock Buy, one Strong Buy, and three Hold.

Retirement Systems of Alabama grew its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 156.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,656 shares of the semiconductor company's stock after purchasing an additional 160,094 shares during the quarter. Retirement Systems of Alabama owned approximately 0.05% of Analog Devices worth $104,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ADI. BlackRock Inc. acquired a new position in shares of Analog Devices during the 2nd quarter worth about $18,610,868,000. Bank of America Corp DE acquired a new stake in Analog Devices in the 2nd quarter worth about $3,573,081,000. Legal & General Group Plc acquired a new stake in Analog Devices in the 2nd quarter worth about $1,525,167,000. Bank of New York Mellon Corp acquired a new stake in Analog Devices in the 2nd quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA acquired a new stake in Analog Devices in the 2nd quarter worth about $1,242,479,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 8.6%

Shares of NASDAQ ADI opened at $394.66 on Tuesday. Analog Devices, Inc. has a 12-month low of $224.25 and a 12-month high of $445.91. The stock has a market cap of $191.24 billion, a PE ratio of 46.82, a P/E/G ratio of 0.98 and a beta of 1.24. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $391.18 and a 200 day moving average of $373.93.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. Analog Devices's quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts predict that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices's dividend payout ratio is 52.19%.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $407.28, for a total value of $576,708.48. Following the completion of the sale, the director owned 104,599 shares of the company's stock, valued at approximately $42,601,080.72. This trade represents a 1.34% decrease in their ownership of the stock. The transaction 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, insider Vivek Jain sold 3,305 shares of the business's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the transaction, the insider directly owned 40,428 shares in the company, valued at $16,437,216.24. This trade represents a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 52,436 shares of company stock valued at $20,681,906. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen cut Analog Devices from a "buy" rating to a "hold" rating in a report on Saturday. Arete Research lifted their price target on Analog Devices from $487.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Sanford C. Bernstein raised Analog Devices from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. Needham & Company LLC boosted their price target on Analog Devices from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Finally, Evercore reduced their price objective on Analog Devices from $474.00 to $462.00 and set an "outperform" rating for the company in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $460.55.

Analog Devices Profile

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.

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