Caisse DE Depot ET Placement DU Quebec Acquires Shares of 228,000 Analog Devices, Inc. $ADI

Key Points

• Caisse DE Depot ET Placement DU Quebec purchased a new stake in Analog Devices, Inc. (ADI) amounting to 228,000 shares, valued at approximately $45.98 million.
• Multiple institutional investors, including Price T Rowe Associates and GAMMA Investing LLC, made significant increases in their holdings of ADI shares during the first quarter.
• Analog Devices reported a quarterly EPS of $2.05, exceeding expectations, and has declared a quarterly dividend of $0.99 per share, with a current dividend payout ratio of 101.02%.

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 228,000 shares of the semiconductor company's stock, valued at approximately $45,981,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in Analog Devices in the fourth quarter valued at approximately $27,000. Menard Financial Group LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new position in Analog Devices during the first quarter worth $27,000. N.E.W. Advisory Services LLC bought a new position in Analog Devices during the first quarter worth $33,000. Finally, North Capital Inc. bought a new position in Analog Devices during the first quarter worth $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the completion of the sale, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. The trade was a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president owned 13,549 shares of the company's stock, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,615 shares of company stock worth $6,450,988 over the last 90 days. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group decreased their price objective on Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a report on Monday, July 7th. Stifel Nicolaus raised their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Piper Sandler increased their price target on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Cowen reiterated a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. Finally, Truist Financial increased their price target on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research report on Thursday, August 21st. Two equities research analysts have 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, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

Analog Devices Price Performance

ADI traded down $2.94 during midday trading on Friday, reaching $251.31. 3,598,994 shares of the company's stock were exchanged, compared to its average volume of 3,985,255. The business has a 50-day simple moving average of $236.83 and a two-hundred day simple moving average of $218.67. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The firm has a market capitalization of $123.63 billion, a price-to-earnings ratio of 64.11, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24.

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

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's payout ratio is currently 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.