28,412 Analog Devices, Inc. $ADI Shares Sold by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG reduced its Analog Devices stake by 5.4%, selling 28,412 shares in the third quarter and retaining 499,100 shares valued at approximately $198 million. Institutional investors collectively own 86.81% of the company.
• Analog Devices reported stronger-than-expected quarterly results, with $3.45 in EPS and $4.02 billion in revenue; revenue increased 39.2% year over year. The company also maintains a quarterly dividend of $1.10, yielding about 1.1% annually.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $460.55, compared with a recent share price of $391.07.

Robeco Schweiz AG decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 499,100 shares of the semiconductor company's stock after selling 28,412 shares during the quarter. Analog Devices comprises 3.6% of Robeco Schweiz AG's investment portfolio, making the stock its 5th largest holding. Robeco Schweiz AG owned 0.10% of Analog Devices worth $197,998,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Analog Devices during the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE boosted its stake in shares of Analog Devices by 5.2% during the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock worth $3,250,341,000 after acquiring an additional 501,604 shares in the last quarter. Van ECK Associates Corp boosted its position in 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 purchasing an additional 1,670,957 shares during the period. Amundi boosted its holdings in shares of Analog Devices by 5.3% during the 1st 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 during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Analog Devices in the second quarter valued at about $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insiders Place Their Bets

In other Analog Devices news, insider Vivek Jain sold 3,305 shares of the business'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 directly owned 40,428 shares in the company, valued at $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ray Stata sold 1,416 shares of the business's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $420.04, for a total transaction of $594,776.64. Following the completion of the transaction, the director owned 108,847 shares in the company, valued at approximately $45,720,093.88. This trade represents a 1.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,436 shares of company stock worth $20,014,954 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $391.07 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The firm's 50-day simple moving average is $383.75 and its 200-day simple moving average is $389.29. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The firm has a market cap of $189.50 billion, a P/E ratio of 46.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22.

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

Analog Devices Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADI shares. TD Cowen boosted their target price on shares of Analog Devices from $460.00 to $475.00 and gave the stock a "buy" rating in a research report on Monday, October 19th. Fundamental Research set a $550.00 price target on shares of Analog Devices in a report on Monday, June 29th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, September 8th. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Morgan Stanley boosted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $460.55.

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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