Analog Devices, Inc. $ADI Stock Holdings Trimmed by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in Analog Devices, Inc. by 3.4% during the first quarter, owning 152,240 shares valued at approximately $30.7 million after selling 5,281 shares.
• Recently, China Universal Asset Management Co. Ltd. increased its stake in Analog Devices by 284.4%, owning 31,050 shares worth around $6.3 million.
• Analog Devices announced a quarterly dividend of $0.99 per share, representing an annualized dividend of $3.96, with a payout ratio of 101.02%.

Corebridge Financial Inc. decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,240 shares of the semiconductor company's stock after selling 5,281 shares during the quarter. Corebridge Financial Inc.'s holdings in Analog Devices were worth $30,702,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $27,000. Menard Financial Group LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices during the first quarter worth $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices during the first quarter worth $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices during the first quarter worth $36,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Down 1.2%

Shares of NASDAQ ADI traded down $2.94 during midday trading on Friday, reaching $251.31. 3,598,599 shares of the company's stock were exchanged, compared to its average volume of 3,985,237. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The stock has a market capitalization of $123.63 billion, a PE ratio of 64.11, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The business's fifty day moving average price is $236.83 and its two-hundred day moving average price is $218.67.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The company's revenue for the quarter 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. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's payout ratio is currently 101.02%.

Analyst Ratings Changes

ADI has been the topic of a number of research analyst reports. Barclays lifted their target price on Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Stifel Nicolaus boosted their price objective on Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Cfra Research cut Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Noble Financial upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Two 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 has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Insider Activity at Analog Devices

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

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.