Analog Devices, Inc. $ADI Stake Increased by China Universal Asset Management Co. Ltd.

Key Points

• China Universal Asset Management increased its Analog Devices stake by 7.9% in the third quarter, adding 2,813 shares to hold 38,429 shares valued at approximately $15.3 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices exceeded quarterly expectations with adjusted earnings of $3.45 per share and revenue of $4.02 billion, while revenue rose 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, implying a 1.0% annualized yield.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $460.55. ADI shares opened at $433.28, near their 52-week high of $445.91.

China Universal Asset Management Co. Ltd. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,429 shares of the semiconductor company's stock after buying an additional 2,813 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Analog Devices were worth $15,303,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE bought a new position in shares of Analog Devices in the second quarter worth about $3,573,081,000. Legal & General Group Plc acquired a new position in shares of Analog Devices during the second quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp acquired a new position in shares of Analog Devices during the second quarter worth approximately $1,326,066,000. Finally, Primecap Management Co. CA bought a new stake in shares of Analog Devices during the second quarter valued at approximately $1,242,479,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

Shares of ADI stock opened at $433.28 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company's 50 day moving average price is $387.60 and its two-hundred day moving average price is $370.51. The company has a market capitalization of $209.95 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

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

Analog Devices Announces Dividend

The company also recently announced 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%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. Sanford C. Bernstein raised Analog Devices from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. Wells Fargo & Company decreased their price objective on Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Thursday, August 20th. Arete Research lifted their target price on Analog Devices from $487.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Morgan Stanley boosted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research report on Thursday, August 20th. One research 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 stock has an average rating of "Moderate Buy" and a consensus target price of $460.55.

Insider Transactions at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total transaction of $584,190.00. Following the completion of the transaction, the chief financial officer directly owned 48,177 shares in the company, valued at approximately $18,763,014.42. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the business's 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 completion of the sale, the director owned 108,847 shares in the company, valued at $45,720,093.88. The trade was a 1.28% 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 three months, insiders have sold 52,436 shares of company stock worth $20,014,954. 0.36% of the stock is currently owned by company insiders.

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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