Analog Devices, Inc. $ADI Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Analog Devices by 4.1%, acquiring a total of 71,858 shares worth approximately $17.1 million.
• During the 2nd quarter, several institutional investors significantly increased their holdings in Analog Devices, leading to institutional ownership of 86.81% of the company's stock.
• In financial results, Analog Devices reported a 24.6% year-over-year increase in revenue, with earnings of $2.05 per share surpassing analysts' expectations.

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 71,858 shares of the semiconductor company's stock after buying an additional 2,802 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Analog Devices were worth $17,104,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its stake in Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after buying an additional 22,973 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Analog Devices during the 1st quarter worth $296,000. Keybank National Association OH grew its stake in shares of Analog Devices by 85.8% during the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock worth $5,461,000 after purchasing an additional 12,505 shares during the period. Eastern Bank grew its stake in shares of Analog Devices by 6.0% during the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock worth $39,664,000 after purchasing an additional 11,101 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Analog Devices by 4.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock worth $1,224,000 after purchasing an additional 251 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total value of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. This represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Martin Cotter sold 12,500 shares of the company'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 completion of the transaction, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,115 shares of company stock valued at $9,529,113 in the last 90 days. Company insiders own 0.33% of the company's stock.

Analog Devices Price Performance

NASDAQ:ADI opened at $249.05 on Friday. The firm has a market cap of $122.52 billion, a price-to-earnings ratio of 63.53, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The company's 50-day moving average is $239.17 and its two-hundred day moving average is $220.95. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $258.13.

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

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's dividend payout ratio is 101.02%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADI. UBS Group lowered their price target on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research note on Monday, July 7th. Barclays upped their price target on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Noble Financial raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Seaport Res Ptn upgraded shares of Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Finally, Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $273.53.

Analog Devices Company 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.

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