Andra AP fonden Trims Position in Analog Devices, Inc. $ADI

Key Points

• Andra AP fonden cut its Analog Devices stake by 32.8% in the second quarter, selling 30,400 shares and retaining 62,266 shares valued at approximately $24.7 million. Institutional investors collectively own 86.81% of ADI.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue rising 39.2% year over year. The company also pays a quarterly dividend of $1.10, or $4.40 annually, yielding about 1.1%.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $457.97, while ADI recently traded at $386.11. Company insiders sold 40,431 shares worth nearly $15 million during the last quarter.

Andra AP fonden decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 32.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,266 shares of the semiconductor company's stock after selling 30,400 shares during the quarter. Andra AP fonden's holdings in Analog Devices were worth $24,730,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. ING Groep NV lifted its position in shares of 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 buying an additional 69,202 shares in the last quarter. Natixis Advisors LLC increased its holdings in Analog Devices by 2.4% in the 4th 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 in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Analog Devices by 108.5% during the 1st 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 during the period. National Pension Service lifted its holdings in Analog Devices by 0.5% during the fourth 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. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in Analog Devices during the fourth quarter valued at approximately $4,355,000. 86.81% of the stock is currently owned by institutional investors.

Insider Transactions at Analog Devices

In other news, CFO Richard Puccio, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $363.65, for a total transaction of $545,475.00. Following the completion of the transaction, the chief financial officer directly owned 52,677 shares in the company, valued at approximately $19,155,991.05. This represents a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $362.85, for a total transaction of $513,795.60. Following the completion of the transaction, the director directly owned 111,679 shares of the company's stock, valued at approximately $40,522,725.15. This trade represents a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 40,431 shares of company stock worth $14,987,547. 0.36% of the stock is owned by insiders.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $3.11 during midday trading on Tuesday, reaching $386.11. 772,293 shares of the company were exchanged, compared to its average volume of 4,127,757. The stock has a market cap of $187.10 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. The business's fifty day moving average is $372.68 and its two-hundred day moving average is $375.42. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company has a current ratio of 1.25, a quick ratio of 0.91 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 EPS for the quarter, topping the consensus estimate 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 net margin of 29.79% and a return on equity of 16.39%. The business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts predict that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices's payout ratio is presently 52.19%.

Analysts Set New Price Targets

Several analysts have recently commented on ADI shares. Seaport Research Partners upgraded shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a research report on Thursday, August 20th. Fundamental Research set a $550.00 target price on shares of Analog Devices in a report on Monday, June 29th. Robert W. Baird increased their price target on Analog Devices from $450.00 to $675.00 and gave the stock an "outperform" rating in a research note on Monday, August 24th. Piper Sandler set a $460.00 price objective on Analog Devices in a research report on Tuesday, September 8th. Finally, 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 research note on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $457.97.

Analog Devices Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.

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