Analog Devices, Inc. $ADI Stake Lessened by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Analog Devices stake by 1.6% in the third quarter, selling 3,626 shares and retaining 223,569 shares valued at approximately $88.7 million. Institutional investors collectively own 86.81% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $460.55; several firms recently raised their targets, though Evercore lowered its target to $462.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, beating estimates and representing 39.2% year-over-year revenue growth. The company also pays a quarterly dividend of $1.10, equivalent to a 1.0% yield.

Asset Management One Co. Ltd. trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 223,569 shares of the semiconductor company's stock after selling 3,626 shares during the period. Asset Management One Co. Ltd.'s holdings in Analog Devices were worth $88,692,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE grew its position in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock worth $3,250,341,000 after acquiring an additional 501,604 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Analog Devices by 24.7% in the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock worth $3,345,316,000 after purchasing an additional 1,670,957 shares during the period. Amundi boosted its holdings in shares of Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock valued at $1,604,771,000 after buying an additional 254,632 shares during the period. Finally, Legal & General Group Plc acquired a new position in Analog Devices in the second quarter valued at approximately $1,525,167,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of Analog Devices from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $430.00 to $465.00 in a report on Wednesday, August 19th. KeyCorp increased their price target on Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Morgan Stanley lifted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Finally, Evercore cut their price target on shares of Analog Devices from $474.00 to $462.00 and set an "outperform" rating on the stock in a 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. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $460.55.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the transaction, the chief executive officer directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. This represents a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the transaction, the insider owned 40,428 shares of the company's stock, valued at approximately $16,437,216.24. This represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 52,436 shares of company stock worth $20,014,954. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 4.3%

Shares of Analog Devices stock opened at $425.35 on Wednesday. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The stock has a 50 day moving average price of $385.37 and a two-hundred day moving average price of $369.20. The stock has a market capitalization of $206.11 billion, a P/E ratio of 50.46 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the business earned $2.05 EPS. The business's 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. Sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

Analog Devices 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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