Canada Pension Plan Investment Board Makes New Investment in Analog Devices, Inc. $ADI

Key Points

• Canada Pension Plan Investment Board acquired 1.71 million Analog Devices shares in the second quarter, valued at approximately $678.7 million, giving it a 0.35% stake. Institutional investors and hedge funds collectively own 86.81% of ADI.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue up 39.2% year over year. The company issued fourth-quarter EPS guidance of $3.71–$4.01.
• The company declared a quarterly dividend of $1.10 per share, equivalent to an annualized $4.40 and a 1.2% yield. Analysts maintain a consensus “Buy” rating with an average price target of $454.63, while insiders have sold shares recently under pre-arranged trading plans.

Canada Pension Plan Investment Board purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,708,879 shares of the semiconductor company's stock, valued at approximately $678,715,000. Canada Pension Plan Investment Board owned about 0.35% of Analog Devices at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ING Groep NV increased its stake in Analog Devices by 45.1% in the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock worth $60,358,000 after buying an additional 69,202 shares in the last quarter. Covenant Asset Management LLC bought a new position in Analog Devices during the fourth quarter valued at $2,500,000. MGO One Seven LLC increased its stake in Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock worth $12,352,000 after acquiring an additional 6,846 shares during the last quarter. Natixis Advisors LLC increased its holdings in Analog Devices by 2.4% during the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after purchasing an additional 23,531 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock worth $6,511,000 after acquiring an additional 10,648 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $373.66 on Wednesday. The firm's 50 day moving average is $386.27 and its two-hundred day moving average is $372.29. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $181.06 billion, a P/E ratio of 44.33, a P/E/G ratio of 0.75 and a beta of 1.20.

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

Analog Devices Announces Dividend

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

Insiders Place Their Bets

In related news, Director Ray Stata sold 1,432 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Analog Devices stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares in the company, valued at $49,926,294. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 45,274 shares of company stock valued at $17,889,486. Insiders own 0.36% of the company's stock.

Trending Headlines about Analog Devices

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

• Positive Sentiment: Robert W. Baird raised its price target on Analog Devices to $675 from $450 and maintained an “outperform” rating, implying substantial potential upside based on the referenced price. The aggressive revision may reinforce bullish investor sentiment. Analog Devices To Rally Around 81%? Here Are 10 Top Analyst Forecasts For Monday
• Positive Sentiment: Analog Devices’ automotive business is reportedly growing faster than the overall vehicle market, helped by demand for advanced driver-assistance systems, infotainment and electric-vehicle powertrains. Continued momentum into the fourth quarter supports the company’s growth outlook. Can ADI's Automotive Segment Sustain Its Growth Momentum?
• Positive Sentiment: Coverage highlights Analog Devices as an indirect beneficiary of the artificial-intelligence buildout, with exposure to AI infrastructure without requiring the exceptionally high capital expenditures associated with some semiconductor peers. This 61-Year-Old Tech Stock Silently Became an AI Superstar
• Positive Sentiment: Analyst-oriented research points to ADI’s solid growth characteristics and argues that growth investors may be underappreciating its return potential. 3 Reasons Why Growth Investors Shouldn't Overlook Analog Devices
• Neutral Sentiment: Wall Street analyst coverage remains a key driver of investor decisions, but the article questions how reliably brokerage recommendations predict future performance. Wall Street Analysts Think Analog Devices Is a Good Investment: Is It?
• Neutral Sentiment: The reported August short-interest data shows zero shares short and a zero-day short-interest ratio, but the accompanying “NaN” change suggests a data-quality or reporting issue rather than a meaningful shift in positioning.
• Negative Sentiment: Semiconductor stocks broadly sold off as investors reduced risk ahead of Nvidia’s earnings, creating sector-wide pressure that could weigh on ADI despite its company-specific growth catalysts. Semiconductor Stocks Slide Ahead of NVIDIA Earnings

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Evercore reiterated an "outperform" rating and set a $474.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Citigroup raised their price target on shares of Analog Devices from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Raymond James Financial reiterated an "outperform" rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, BMO Capital Markets initiated coverage on shares of Analog Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Analog Devices has a consensus rating of "Buy" and an average target price of $454.63.

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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