Analog Devices, Inc. $ADI Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. has reduced its holdings in Analog Devices, Inc. by 17.8%, selling 8,197 shares and ending up with 37,907 shares valued at $7,645,000.
• The company's quarterly earnings report showed a significant increase in revenue, reaching $2.88 billion, which is up 24.6% year-over-year, and earnings per share of $2.05, exceeding analysts' estimates.
• Analog Devices has declared a quarterly dividend of $0.99 per share, with a dividend yield of 1.6%, set to be issued to stockholders on September 16th.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 17.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,907 shares of the semiconductor company's stock after selling 8,197 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Analog Devices were worth $7,645,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ADI. Brighton Jones LLC raised its stake in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after buying an additional 529 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Analog Devices during the 4th quarter valued at approximately $333,000. Gotham Asset Management LLC lifted its position in shares of Analog Devices by 10.1% during the 4th quarter. Gotham Asset Management LLC now owns 31,275 shares of the semiconductor company's stock valued at $6,645,000 after acquiring an additional 2,870 shares during the period. J. Goldman & Co LP lifted its position in shares of Analog Devices by 26.2% during the 4th quarter. J. Goldman & Co LP now owns 49,287 shares of the semiconductor company's stock valued at $10,472,000 after acquiring an additional 10,222 shares during the period. Finally, Investment Management Corp of Ontario lifted its position in shares of Analog Devices by 3.6% during the 4th quarter. Investment Management Corp of Ontario now owns 229,517 shares of the semiconductor company's stock valued at $48,763,000 after acquiring an additional 7,996 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus lifted their price target on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Cfra Research downgraded shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. Finally, Barclays lifted their price target on shares of Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Analog Devices has an average rating of "Moderate Buy" and an average target price of $273.53.

Analog Devices Price Performance

NASDAQ:ADI traded down $3.03 during trading hours on Friday, reaching $245.21. 2,109,356 shares of the company traded hands, compared to its average volume of 3,912,352. The firm's 50-day moving average is $238.99 and its 200-day moving average is $220.41. The stock has a market cap of $120.63 billion, a P/E ratio of 62.55, a P/E/G ratio of 2.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $258.13.

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

Analog Devices Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares of the company's stock, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This represents a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,115 shares of company stock worth $9,529,113 in the last three months. Company insiders own 0.33% of the company's stock.

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.