Analog Devices, Inc. $ADI Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems increased its Analog Devices stake by 32% in the third quarter, adding 13,000 shares for a total holding of 53,660 shares valued at approximately $21.3 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices reported quarterly earnings of $3.45 per share, exceeding the $3.34 analyst consensus, while revenue rose 39.2% year over year to $4.02 billion. The company also declared a quarterly dividend of $1.10 per share, or $4.40 annualized.
• Analysts maintain a generally positive view, with an average rating of “Moderate Buy” and an average price target of $460.55 versus the reported share price of $417.11. However, company insiders sold 52,436 shares worth roughly $20 million over the past 90 days.

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 32.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,660 shares of the semiconductor company's stock after purchasing an additional 13,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Analog Devices were worth $21,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Analog Devices in the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE bought a new stake in Analog Devices during the second quarter worth $3,573,081,000. Van ECK Associates Corp lifted its stake in Analog Devices by 24.7% during 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 last quarter. 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 purchasing an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Analog Devices in the 2nd quarter valued at $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Trading Down 3.7%

ADI opened at $417.11 on Friday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The firm has a market capitalization of $202.12 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.22. The company's 50 day moving average price is $388.54 and its two-hundred day moving average price is $371.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. Analog Devices's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts predict that Analog Devices, Inc. will post 13.00 earnings per share for the current 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 given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices's dividend payout ratio is currently 52.19%.

Analysts Set New Price Targets

ADI has been the subject of several research analyst reports. Piper Sandler set a $460.00 target price on Analog Devices in a research note on Tuesday, September 8th. Evercore dropped their price objective on shares of Analog Devices from $474.00 to $462.00 and set an "outperform" rating for the company in a research note on Thursday, August 20th. KeyCorp raised their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 25th. Finally, Wells Fargo & Company lowered their price target on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices has an average rating of "Moderate Buy" and an average target price of $460.55.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the sale, the chief executive officer directly owned 115,460 shares of the company's stock, valued at approximately $45,830,692.40. This represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the sale, the insider owned 40,428 shares of the company's stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 52,436 shares of company stock worth $20,014,954. 0.36% of the stock is currently owned by insiders.

About Analog Devices

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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