BI Asset Management Fondsmaeglerselskab A S Sells 5,813 Shares of Analog Devices, Inc. $ADI

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Analog Devices by 21.6%, selling 5,813 shares and holding 21,123 shares valued at $4.26 million as of its latest SEC filing.
• Director Ray Stata sold 3,125 shares of Analog Devices for approximately $747,594, decreasing his ownership by 1.83% to 167,571 shares.
• Recently, several large investors increased their holdings in Analog Devices, with Brighton Jones LLC leading with a 39.5% increase in the fourth quarter.

BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 21.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,123 shares of the semiconductor company's stock after selling 5,813 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Analog Devices were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Analog Devices in the 4th quarter valued at $27,000. Menard Financial Group LLC acquired a new stake in Analog Devices in the 4th quarter valued at $27,000. Alpine Bank Wealth Management acquired a new stake in Analog Devices in the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC acquired a new stake in Analog Devices in the 1st quarter valued at $33,000. Finally, North Capital Inc. acquired a new stake in Analog Devices in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup reaffirmed a "buy" rating and issued a $290.00 price target (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. TD Cowen boosted their price target on Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Cowen reaffirmed a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. Truist Financial boosted their price target on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $273.53.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by insiders.

Analog Devices Price Performance

ADI traded up $5.25 during trading on Friday, hitting $252.20. The company's stock had a trading volume of 4,988,997 shares, compared to its average volume of 3,656,419. The firm's 50 day moving average price is $234.80 and its two-hundred day moving average price is $217.40. The company has a quick ratio of 1.51, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $257.22. The stock has a market capitalization of $124.07 billion, a price-to-earnings ratio of 64.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's payout ratio is presently 101.02%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.