Amundi Has $1.43 Billion Holdings in Analog Devices, Inc. $ADI

Key Points

• Amundi cut its Analog Devices stake by 28.8% in the second quarter, selling 1.45 million shares and retaining 3.59 million shares worth approximately $1.43 billion. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with the stock receiving a consensus “Buy” rating and an average price target of $454.63, compared with a recent opening price of $362.25.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, equivalent to a 1.2% annual yield.

Amundi trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 28.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,592,957 shares of the semiconductor company's stock after selling 1,451,314 shares during the period. Amundi owned 0.74% of Analog Devices worth $1,426,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. California State Teachers Retirement System boosted its holdings in shares of Analog Devices by 39,170.1% during the second quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company's stock worth $117,688,546,000 after acquiring an additional 295,563,249 shares during the period. BlackRock Inc. bought a new position in Analog Devices during the 2nd quarter worth $18,610,868,000. State Street Corp lifted its holdings in shares of Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock worth $6,369,833,000 after buying an additional 88,538 shares in the last quarter. Morgan Stanley boosted its position in shares of Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock valued at $2,834,210,000 after acquiring an additional 194,535 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Analog Devices by 5.2% in the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after acquiring an additional 501,604 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings raised shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. TD Cowen reissued a "buy" rating and set a $460.00 price target on shares of Analog Devices in a research report on Thursday, August 20th. Sanford C. Bernstein upgraded Analog Devices from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. Wolfe Research reiterated an "outperform" rating and set a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Raymond James Financial reissued an "outperform" rating and set a $430.00 target price on shares of Analog Devices in a report 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $454.63.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $362.25 on Monday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. 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 firm has a market capitalization of $175.54 billion, a P/E ratio of 42.97, a P/E/G ratio of 1.12 and a beta of 1.20. The company's 50 day moving average price is $377.17 and its two-hundred day moving average price is $374.17.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.39% and a net margin of 29.79%.The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the prior year, the company earned $2.05 EPS. Analog Devices'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, equities analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Insiders Place Their Bets

In other Analog Devices news, CFO Richard Puccio, Jr. sold 2,683 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the transaction, the chief financial officer directly owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the sale, the director directly owned 120,175 shares of the company's stock, valued at approximately $48,169,745.25. This trade represents a 1.18% 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. Insiders sold 41,363 shares of company stock valued at $15,477,939 over the last 90 days. 0.36% of the stock is owned by company insiders.

About Analog Devices

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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