Assenagon Asset Management S.A. Acquires 107,277 Shares of Analog Devices, Inc. $ADI

Key Points

• Assenagon Asset Management increased its Analog Devices stake by 25.4%, purchasing 107,277 shares to hold 528,930 shares worth approximately $210.1 million. Institutional investors collectively own 86.81% of ADI.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $441.00. Analog Devices recently beat quarterly estimates, reporting $3.09 in EPS and $3.62 billion in revenue, up 37.2% year over year.
• Company insiders have recently sold shares, including CEO Vincent Roche’s $3.63 million sale and director Ray Stata’s approximately $534,000 sale. Both transactions occurred under pre-arranged Rule 10b5-1 plans, limiting their significance as signals about management’s outlook.

Assenagon Asset Management S.A. lifted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 25.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,930 shares of the semiconductor company's stock after purchasing an additional 107,277 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Analog Devices worth $210,075,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADI. Vanguard Group Inc. grew its holdings in Analog Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company's stock valued at $13,802,256,000 after purchasing an additional 503,970 shares during the period. State Street Corp raised its stake in shares of Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock worth $6,369,833,000 after buying an additional 88,538 shares during the period. Morgan Stanley raised its stake in shares of Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock worth $2,834,210,000 after buying an additional 194,535 shares during the period. Bank of America Corp DE lifted its position in shares of Analog Devices by 5.2% during the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after buying an additional 501,604 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Analog Devices during the 4th quarter valued at about $2,215,516,000. 86.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James Financial reiterated an "outperform" rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $450.00 price target on shares of Analog Devices in a report on Wednesday, May 20th. Argus set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, July 28th. Finally, Wolfe Research reissued an "outperform" rating and issued a $475.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $441.00.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director owned 114,511 shares of the company's stock, valued at $43,213,016.07. This represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares in the company, valued at $49,926,294. This trade represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 105,274 shares of company stock worth $42,247,986 in the last quarter. 0.36% of the stock is owned by company insiders.

More Analog Devices News

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Broad strength across semiconductor stocks, fueled by renewed artificial-intelligence enthusiasm, strong memory demand and anticipation of additional chip-industry earnings, provides a supportive environment for ADI. Semiconductor Rally Powers S&P 500 to Fresh Record High
• Positive Sentiment: Analyst optimism remains a key support. ADI recently exceeded earnings and revenue estimates, posting $3.09 in EPS and $3.62 billion in revenue, while its latest quarterly revenue increased 37.2% year over year. Estimate revisions and the company’s history of earnings beats could keep investor attention focused on its next report. Analog Devices Could Be 16% Undervalued After Fresh Earnings Optimism
• Neutral Sentiment: ADI director Ray Stata sold 1,416 shares for approximately $534,000, reducing his direct ownership by 1.22%. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, which limits its value as a signal about the company’s outlook. SEC Form 4: Ray Stata Transaction
• Negative Sentiment: CEO Vincent Roche recently sold 10,000 shares for $3.63 million, cutting his direct ownership by 6.78%. Although the sale also occurred under a 10b5-1 plan and does not necessarily indicate weakening confidence, repeated insider selling can create near-term investor caution. SEC Form 4: Vincent Roche Transaction

Analog Devices Trading Down 0.1%

Shares of ADI opened at $377.31 on Friday. The firm has a market cap of $183.78 billion, a P/E ratio of 56.06, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. Analog Devices, Inc. has a 1 year low of $221.15 and a 1 year high of $445.91. The company has a 50 day simple moving average of $395.07 and a two-hundred day simple moving average of $365.79.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The company's quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $1.10 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices's payout ratio is presently 65.38%.

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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