California State Teachers Retirement System Has $117.69 Billion Holdings in Analog Devices, Inc. $ADI

Key Points

• California State Teachers Retirement System dramatically increased its Analog Devices stake by purchasing roughly 295.6 million shares in the second quarter, bringing its reported holdings to 296.3 million shares valued at $117.69 billion. Institutional investors collectively own 86.81% of the company.
• Analog Devices reported stronger-than-expected quarterly results, with EPS of $3.45 and revenue of $4.02 billion; revenue increased 39.2% year over year. The company issued fourth-quarter 2026 EPS guidance of $3.71–$4.01.
• Wall Street remains broadly bullish, with an average “Buy” rating and a consensus price target of $454.63, while recent targets range as high as $675. The company also declared a quarterly dividend of $1.10 per share, representing a 1.2% yield.

California State Teachers Retirement System increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 39,170.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 296,317,813 shares of the semiconductor company's stock after purchasing an additional 295,563,249 shares during the quarter. California State Teachers Retirement System owned approximately 61.15% of Analog Devices worth $117,688,546,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after buying an additional 529 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Analog Devices by 36.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company's stock valued at $417,000 after acquiring an additional 464 shares in the last quarter. Ieq Capital LLC increased its position in shares of Analog Devices by 38.0% in the second quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company's stock valued at $10,610,000 after acquiring an additional 12,276 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $644,000. Finally, Peapack Gladstone Financial Corp raised its holdings in Analog Devices by 2.4% during the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company's stock worth $14,322,000 after acquiring an additional 1,406 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other news, CFO Richard Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the completion of the sale, the chief executive officer directly owned 134,660 shares of the company's stock, valued at approximately $47,983,397.80. The trade was a 6.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 41,363 shares of company stock valued at $15,477,939. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of several recent research reports. Raymond James Financial reissued an "outperform" rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Needham & Company LLC increased their price objective on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 20th. TD Cowen reissued a "buy" rating and issued a $460.00 target price on shares of Analog Devices in a research note on Thursday, August 20th. Finally, Robert W. Baird raised their target price on shares of Analog Devices from $450.00 to $675.00 and gave the company an "outperform" rating in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Analog Devices presently has an average rating of "Buy" and a consensus target price of $454.63.

Analog Devices Price Performance

Shares of ADI opened at $362.25 on Monday. The firm has a market cap of $175.54 billion, a P/E ratio of 42.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The firm's 50-day simple moving average is $377.17 and its 200 day simple moving average is $374.17.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the business posted $2.05 earnings per share. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

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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