Analog Devices, Inc. $ADI Shares Bought by Conning Inc.

Key Points

• Conning Inc. increased its Analog Devices stake by 30% in the third quarter, adding 25,895 shares to own 112,295 shares valued at approximately $44.5 million. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $460.55. Recent targets range from $425 to $500.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, beating estimates and marking 39.2% year-over-year revenue growth. The company also maintains a quarterly dividend of $1.10 per share, yielding about 1.0%.

Conning Inc. raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 30.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,295 shares of the semiconductor company's stock after purchasing an additional 25,895 shares during the period. Analog Devices accounts for about 1.4% of Conning Inc.'s investment portfolio, making the stock its 6th largest position. Conning Inc.'s holdings in Analog Devices were worth $44,549,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in Analog Devices in the second quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices during the second quarter valued at approximately $25,000. Nvwm LLC raised its position in Analog Devices by 590.0% during the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Dunhill Financial LLC acquired a new stake in Analog Devices in the second quarter valued at approximately $32,000. Finally, Cornerstone Financial Management LLC lifted its stake in Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Katsufumi Nakamura sold 1,200 shares of Analog Devices stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider directly owned 14,849 shares in the company, valued at approximately $6,162,631.98. The trade was a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $420.04, for a total value of $594,776.64. Following the sale, the director owned 108,847 shares of the company's stock, valued at approximately $45,720,093.88. The trade was a 1.28% 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 a total of 52,436 shares of company stock valued at $20,014,954 in the last quarter. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Arete Research boosted their target price on shares of Analog Devices from $487.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Evercore reduced their price objective on shares of Analog Devices from $474.00 to $462.00 and set an "outperform" rating for the company in a research note on Thursday, August 20th. TD Cowen increased their target price on shares of Analog Devices from $460.00 to $475.00 and gave the stock a "buy" rating in a research report on Monday, October 19th. Wells Fargo & Company lowered their target price 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. Finally, Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 target price on the stock in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $460.55.

Analog Devices Stock Up 0.7%

Shares of Analog Devices stock opened at $428.27 on Thursday. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $386.40 and a two-hundred day moving average price of $369.85. The stock has a market capitalization of $207.52 billion, a P/E ratio of 50.80, a PEG ratio of 1.20 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. Analog Devices's revenue for the quarter was up 39.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 1st. Analog Devices's dividend payout ratio is 52.19%.

Analog Devices Company Profile

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.

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