Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 15,200 Shares of Analog Devices, Inc. $ADI

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in Analog Devices by 18.1%, bringing its holdings down to 68,859 shares, valued at approximately $13.9 million.
• In the first quarter, other institutional investors, such as E Fund Management and Prudential PLC, have increased their stakes in Analog Devices significantly, illustrating varying investor confidence in the semiconductor company.
• Analog Devices reported better-than-expected earnings with an EPS of $1.85 for the latest quarter, surpassing analyst estimates and achieving a revenue growth of 22.3% year-over-year.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 18.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,859 shares of the semiconductor company's stock after selling 15,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Analog Devices were worth $13,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Analog Devices by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after buying an additional 359,841 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Analog Devices by 8.4% in the 4th quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock worth $1,173,026,000 after buying an additional 427,328 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Analog Devices by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,715,313 shares of the semiconductor company's stock worth $789,356,000 after buying an additional 181,309 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Analog Devices by 25.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock valued at $708,260,000 after purchasing an additional 668,023 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Analog Devices by 9.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,221,053 shares of the semiconductor company's stock valued at $684,345,000 after purchasing an additional 266,532 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the sale, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company's stock.

Analog Devices Price Performance

NASDAQ:ADI traded up $14.43 on Wednesday, reaching $244.87. 8,527,034 shares of the company's stock traded hands, compared to its average volume of 3,561,183. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $233.96 and a 200-day simple moving average of $216.74. The firm has a market cap of $121.52 billion, a PE ratio of 66.72, a P/E/G ratio of 2.12 and a beta of 1.05. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.73.

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, beating analysts' consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%.The business's quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's dividend payout ratio is presently 107.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ADI shares. Raymond James Financial upgraded Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. Morgan Stanley lowered their target price on Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Cowen reiterated a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. TD Cowen lifted their target price on Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $258.89.

About Analog Devices

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.