Analog Devices, Inc. $ADI Holdings Increased by Groupe la Francaise

Key Points

• Groupe la Française increased its Analog Devices stake by 5.4% in the second quarter to 107,575 shares valued at approximately $42.7 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain bullish, with the stock receiving a consensus “Buy” rating and an average price target of $454.63; recent targets range from $430 to $550.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in adjusted EPS and $4.02 billion in 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.

Groupe la Francaise lifted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,575 shares of the semiconductor company's stock after acquiring an additional 5,521 shares during the period. Groupe la Francaise's holdings in Analog Devices were worth $42,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ADI. California State Teachers Retirement System lifted its position in Analog Devices by 39,170.1% in 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 purchasing an additional 295,563,249 shares during the period. BlackRock Inc. acquired a new position in shares of Analog Devices during the 2nd quarter valued at $18,610,868,000. State Street Corp raised its stake in shares of Analog Devices by 0.4% in the 4th 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 lifted its holdings 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 buying an additional 194,535 shares during the period. Finally, Bank of America Corp DE lifted its holdings 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 buying an additional 501,604 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADI shares. Argus set a $460.00 target price on Analog Devices in a report on Tuesday, May 26th. Morgan Stanley raised their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. BMO Capital Markets assumed coverage on shares of Analog Devices in a research note on Thursday, August 20th. They issued an "outperform" rating and a $430.00 price objective on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $550.00 target price on shares of Analog Devices in a report on Monday, August 17th. Finally, Evercore restated an "outperform" rating and set a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices has a consensus rating of "Buy" and an average target price of $454.63.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 1,432 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. The trade was a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director owned 10,019 shares of the company's stock, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. 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 quarter, insiders have sold 41,363 shares of company stock valued at $15,477,939. Insiders own 0.36% of the company's stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $362.25 on Monday. The stock has a 50-day moving average price of $377.17 and a 200 day moving average price of $374.17. The company has a market cap 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 has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last released 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. The company had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

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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