Analog Devices, Inc. $ADI Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Analog Devices, Inc. by 3.8%, bringing its total shares to 213,021, valued at approximately $50.7 million as of the latest SEC filing.
• Insider sales included SVP Martin Cotter selling 12,500 shares and CEO Vincent Roche selling 10,000 shares, resulting in their positions decreasing by 16.55% and 6.66%, respectively.
• Analysts have largely rated ADI stock positively, with a current average target price of $275.29 and multiple firms issuing "buy" or "overweight" ratings, suggesting strong market confidence.

KLP Kapitalforvaltning AS grew its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,021 shares of the semiconductor company's stock after purchasing an additional 7,700 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Analog Devices were worth $50,703,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. RMG Wealth Management LLC bought a new stake in Analog Devices in the second quarter valued at about $26,000. Activest Wealth Management grew its position in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 127 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Analog Devices in the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Analog Devices in the 1st quarter valued at approximately $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices during the 1st quarter valued at approximately $36,000. Institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.71, for a total transaction of $2,437,100.00. Following the completion of the sale, the chief executive officer directly owned 140,118 shares of the company's stock, valued at approximately $34,148,157.78. This represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,240 shares of company stock valued at $12,737,838 in the last ninety days. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ADI shares. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. UBS Group decreased their price target on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. The Goldman Sachs Group began coverage on shares of Analog Devices in a research note on Thursday, July 10th. They set a "buy" rating and a $285.00 price objective on the stock. Truist Financial raised their target price on shares of Analog Devices from $219.00 to $249.00 and gave the stock a "hold" rating in a report on Thursday, August 21st. Finally, Cantor Fitzgerald upped their target price on Analog Devices from $270.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $275.29.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $242.50 on Tuesday. The firm's 50 day moving average is $241.13 and its two-hundred day moving average is $223.69. The firm has a market capitalization of $119.30 billion, a P/E ratio of 61.86, a PEG ratio of 2.04 and a beta of 1.09. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $258.13.

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

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is 101.02%.

About Analog Devices

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.

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