BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Stake in Analog Devices, Inc. $ADI

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Analog Devices, Inc. by 78.7%, acquiring an additional 74,798 shares, bringing its total to 169,875 shares valued at approximately $34.26 million.
• Several institutional investors, including China Universal Asset Management and Keybank National Association, have significantly increased their positions in Analog Devices, indicating a strong interest in the company.
• Analog Devices reported earnings per share of $2.05, exceeding analysts' expectations, and also announced a quarterly dividend of $0.99 per share with a yield of 1.6%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 78.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,875 shares of the semiconductor company's stock after purchasing an additional 74,798 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Analog Devices were worth $34,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Analog Devices in the fourth quarter worth $27,000. Menard Financial Group LLC purchased a new stake in Analog Devices in the fourth quarter worth $27,000. Alpine Bank Wealth Management purchased a new stake in Analog Devices in the first quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new stake in Analog Devices in the first quarter worth $33,000. Finally, North Capital Inc. purchased a new stake in Analog Devices in the first quarter worth $36,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analysts Set New Price Targets

ADI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Williams Trading set a $260.00 price target on Analog Devices in a research note on Friday, May 23rd. Piper Sandler raised their price target on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research note on Thursday. Oppenheimer raised their price target on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Cfra Research lowered Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $273.53.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director directly owned 167,571 shares in the company, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the completion of the sale, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Analog Devices Stock Up 0.9%

Shares of ADI traded up $2.29 during mid-day trading on Monday, hitting $254.49. 3,418,742 shares of the company traded hands, compared to its average volume of 3,771,177. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $257.21. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $125.20 billion, a PE ratio of 64.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The business has a 50 day moving average of $235.26 and a 200 day moving average of $217.81.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's payout ratio is presently 101.02%.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.