568,032 Shares in Analog Devices, Inc. $ADI Purchased by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company purchased 568,032 shares of Analog Devices, valued at approximately $225.6 million, giving it a 0.12% stake. Institutional investors collectively own 86.81% of the company.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $454.63. Analog Devices also exceeded quarterly expectations with $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year.
• Insiders sold 45,274 shares worth $17.9 million over the past three months, while the company declared a quarterly dividend of $1.10 per share, equivalent to a 1.2% annual yield.

The Manufacturers Life Insurance Company bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 568,032 shares of the semiconductor company's stock, valued at approximately $225,601,000. The Manufacturers Life Insurance Company owned 0.12% of Analog Devices as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Riverbend Wealth Management LLC grew its stake in shares of Analog Devices by 2.2% in the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock worth $396,000 after acquiring an additional 27 shares during the period. Bridgewater Advisors Inc. lifted its position in Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after purchasing an additional 27 shares during the period. Silicon Valley Capital Partners boosted its holdings in Analog Devices by 4.2% in the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock worth $214,000 after purchasing an additional 27 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Analog Devices by 12.0% in the first quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock worth $90,000 after purchasing an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its position in Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company's stock worth $182,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Oppenheimer lifted their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. Cantor Fitzgerald reiterated an "overweight" rating and set a $550.00 price objective on shares of Analog Devices in a research report on Monday, August 17th. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Sunday, May 24th. Finally, Evercore restated an "outperform" rating and set a $474.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Buy" and a consensus price target of $454.63.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the transaction, the chief executive officer owned 137,538 shares of the company's stock, valued at $49,926,294. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director directly owned 11,019 shares in the company, valued at approximately $4,295,536.77. The trade was a 8.32% 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. In the last three months, insiders have sold 45,274 shares of company stock worth $17,889,486. Corporate insiders own 0.36% of the company's stock.

Analog Devices Trading Down 0.5%

Shares of Analog Devices stock opened at $371.17 on Tuesday. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The company's fifty day simple moving average is $387.12 and its 200-day simple moving average is $371.92. 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 stock has a market capitalization of $179.86 billion, a PE ratio of 44.03, a P/E/G ratio of 0.76 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping 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 firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the business posted $2.05 EPS. Analog Devices's 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, equities analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices's dividend payout ratio is presently 52.19%.

Analog Devices Profile

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.

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