Credit Agricole S A Trims Stake in Analog Devices, Inc. $ADI

Key Points

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Credit Agricole S A lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,321 shares of the semiconductor company's stock after selling 25,008 shares during the quarter. Credit Agricole S A owned about 0.07% of Analog Devices worth $69,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its position in Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after acquiring an additional 22,973 shares in the last quarter. Freestone Grove Partners LP bought a new position in Analog Devices in the 4th quarter valued at about $10,212,000. Sowell Financial Services LLC bought a new position in Analog Devices in the 1st quarter valued at about $296,000. Keybank National Association OH lifted its position in Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after acquiring an additional 12,505 shares in the last quarter. Finally, Eastern Bank lifted its position in Analog Devices by 6.0% in the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock valued at $39,664,000 after acquiring an additional 11,101 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director directly owned 167,571 shares in the company, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ADI shares. Piper Sandler raised their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday. Cfra Research cut shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. KGI Securities started coverage on shares of Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating on the stock. Finally, Noble Financial raised shares of 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 stock. According to data from MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded up $5.25 during mid-day trading on Friday, reaching $252.20. The company had a trading volume of 4,988,997 shares, compared to its average volume of 3,656,419. The company has a current ratio of 2.32, a quick ratio of 1.51 and a debt-to-equity ratio of 0.24. The firm has a market cap of $125.15 billion, a price-to-earnings ratio of 64.34, a PEG ratio of 2.19 and a beta of 1.05. The company's 50-day moving average price is $234.80 and its 200-day moving average price is $217.35. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $257.22.

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

Analog Devices Dividend Announcement

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

Analog Devices 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.