Arizona State Retirement System Has $37.69 Million Stock Position in Analog Devices, Inc. $ADI

Key Points

• Arizona State Retirement System trimmed its stake in Analog Devices (NASDAQ:ADI) by 4.1% to 138,965 shares, valued at about $37,687,000 in its latest 13F filing.
• Several large institutions (Amundi, Raymond James, SG Americas, VanEck, Rafferty) materially increased ADI positions, leaving institutional ownership at 86.81%, while analysts collectively rate the stock a "Moderate Buy" with an average price target of $370.69.
• Analog Devices posted an earnings beat with revenue up 30.4% year-over-year, set Q2 EPS guidance of $2.73–$3.03, and raised its quarterly dividend to $1.10, though insiders sold about 27,324 shares (~$8.76M) in the past 90 days.

Arizona State Retirement System reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,965 shares of the semiconductor company's stock after selling 5,957 shares during the period. Arizona State Retirement System's holdings in Analog Devices were worth $37,687,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ADI. Amundi raised its holdings in Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company's stock worth $1,507,740,000 after buying an additional 1,922,302 shares during the period. Raymond James Financial Inc. raised its position in Analog Devices by 29.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company's stock valued at $1,186,714,000 after buying an additional 1,091,004 shares during the last quarter. SG Americas Securities LLC raised its position in Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company's stock valued at $211,871,000 after buying an additional 752,411 shares during the last quarter. Rafferty Asset Management LLC raised its position in Analog Devices by 47.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,802,338 shares of the semiconductor company's stock valued at $428,992,000 after buying an additional 580,546 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Analog Devices by 10.1% in the 3rd quarter. Van ECK Associates Corp now owns 5,886,294 shares of the semiconductor company's stock valued at $1,446,262,000 after buying an additional 541,760 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. KeyCorp lifted their target price on Analog Devices from $375.00 to $430.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. Weiss Ratings lowered Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, April 6th. Zacks Research raised Analog Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 1st. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. Finally, Susquehanna lifted their target price on Analog Devices from $360.00 to $400.00 and gave the company a "positive" rating in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $370.69.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total transaction of $991,562.50. Following the transaction, the director directly owned 123,821 shares in the company, valued at $39,288,403.30. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the transaction, the chief executive officer owned 155,688 shares in the company, valued at $47,783,760.96. This represents a 6.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,324 shares of company stock worth $8,758,085 in the last ninety days. Insiders own 0.36% of the company's stock.

Analog Devices Price Performance

NASDAQ:ADI opened at $403.88 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. The stock's 50-day simple moving average is $336.28 and its 200 day simple moving average is $292.94. The company has a market cap of $197.17 billion, a P/E ratio of 73.84, a P/E/G ratio of 1.53 and a beta of 1.05. Analog Devices, Inc. has a 52-week low of $186.73 and a 52-week high of $408.37.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.Analog Devices's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 11.38 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. This is a boost from Analog Devices's previous quarterly dividend of $0.99. Analog Devices's dividend payout ratio (DPR) is presently 80.44%.

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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