4,014 Analog Devices, Inc. $ADI Shares Sold by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors reduced its Analog Devices position by 2.1%, selling 4,014 shares and retaining 187,393 shares valued at approximately $74.3 million. Institutional investors collectively own 86.81% of the company.
• Analog Devices reported quarterly revenue of $4.02 billion and earnings of $3.45 per share, exceeding analyst estimates; revenue increased 39.2% year over year. The company also maintains a quarterly dividend of $1.10 per share, yielding about 1.1% annually.
• Analysts remain broadly positive, with 29 Buy ratings, one Strong Buy, and three Holds; the consensus rating is Moderate Buy with an average price target of $460.55.

Nisa Investment Advisors LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,393 shares of the semiconductor company's stock after selling 4,014 shares during the period. Nisa Investment Advisors LLC's holdings in Analog Devices were worth $74,341,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analog Devices Trading Up 0.7%

Analog Devices stock opened at $397.05 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The company has a market capitalization of $192.40 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 1.21 and a beta of 1.22. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company's fifty day moving average price is $383.20 and its two-hundred day moving average price is $388.18.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company earned $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. On average, analysts forecast that Analog Devices, Inc. will post 12.99 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. The ex-dividend date of this dividend 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 currently 52.19%.

Insider Activity at Analog Devices

In other Analog Devices news, insider Vivek Jain sold 3,305 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares of the company's stock, valued at $16,437,216.24. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the transaction, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. 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. In the last ninety days, insiders have sold 50,936 shares of company stock valued at $19,430,764. Corporate insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a report on Thursday, August 20th. Wells Fargo & Company cut their price objective on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Thursday, August 20th. Robert W. Baird lifted their target price on shares of Analog Devices from $450.00 to $675.00 and gave the company an "outperform" rating in a research note on Monday, August 24th. Finally, Sanford C. Bernstein upgraded shares of Analog Devices from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.