Analog Devices, Inc. $ADI Shares Sold by Royal London Asset Management Ltd.

Key Points

• Royal London Asset Management reduced its Analog Devices stake by 3.1% in the second quarter, selling 16,780 shares and retaining 521,402 shares valued at approximately $207.1 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $454.63; recent targets range as high as $498.
• Analog Devices exceeded quarterly expectations with $3.45 in EPS and $4.02 billion in revenue, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, equivalent to a 1.2% annualized yield.

Royal London Asset Management Ltd. lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 521,402 shares of the semiconductor company's stock after selling 16,780 shares during the quarter. Royal London Asset Management Ltd. owned 0.11% of Analog Devices worth $207,085,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ADI. ING Groep NV grew its holdings in Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock valued at $60,358,000 after purchasing an additional 69,202 shares in the last quarter. MGO One Seven LLC grew its stake in shares of Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock valued at $12,352,000 after acquiring an additional 6,846 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Analog Devices by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after acquiring an additional 23,531 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock worth $6,511,000 after acquiring an additional 10,648 shares in the last quarter. Finally, National Pension Service raised its position in shares of Analog Devices by 0.5% in the 4th quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company's stock valued at $367,212,000 after purchasing an additional 6,492 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays increased their target price on Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, May 21st. Bank of America upped their target price on shares of Analog Devices from $425.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Stifel Nicolaus lifted their price target on Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Raymond James Financial reissued an "outperform" rating and issued a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, Oppenheimer upped their price objective on Analog Devices from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $454.63.

Analog Devices Stock Performance

Shares of ADI stock opened at $361.78 on Friday. The company has a market cap of $175.31 billion, a P/E ratio of 42.92, a PEG ratio of 0.76 and a beta of 1.20. The business has a 50 day moving average of $382.77 and a two-hundred day moving average of $372.95. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week 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.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

Insider Buying and Selling

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $374.50, for a total transaction of $374,500.00. Following the transaction, the director owned 10,019 shares of the company's stock, valued at $3,752,115.50. This represents a 9.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 48,957 shares of company stock valued at $19,268,931. 0.36% of the stock is owned by corporate insiders.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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