Ilmarinen Mutual Pension Insurance Co Purchases 50,000 Shares of Analog Devices, Inc. $ADI

Key Points

• Ilmarinen Mutual Pension Insurance Co has increased its stake in Analog Devices, Inc. by 166.7%, acquiring an additional 50,000 shares, bringing its total to 80,000 shares valued at approximately $16.1 million.
• Several hedge funds, including Price T Rowe Associates and GAMMA Investing, have significantly increased their positions in Analog Devices, indicating strong institutional interest in the company.
• Analog Devices reported a quarterly earnings per share (EPS) of $2.05, surpassing analyst expectations, and has declared a quarterly dividend of $0.99 per share set for payment on September 16th.

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 166.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 80,000 shares of the semiconductor company's stock after buying an additional 50,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Analog Devices were worth $16,134,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Analog Devices in the fourth quarter worth about $27,000. Menard Financial Group LLC acquired a new position in Analog Devices in the fourth quarter worth about $27,000. Activest Wealth Management raised its position in Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Analog Devices in the first quarter worth about $27,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Analog Devices in the first quarter worth about $33,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the sale, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares in the company, valued at approximately $15,525,570. The trade was a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,115 shares of company stock valued at $9,529,113. Insiders own 0.33% of the company's stock.

Analog Devices Price Performance

Shares of ADI traded down $3.03 during mid-day trading on Friday, hitting $245.21. 2,109,962 shares of the company traded hands, compared to its average volume of 3,573,982. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $238.98 and a 200 day moving average of $220.48. The stock has a market capitalization of $120.63 billion, a price-to-earnings ratio of 62.55, a PEG ratio of 2.10 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.76 billion. During the same period last year, the business posted $1.58 earnings per share. The business'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. As a group, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business 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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Analog Devices's dividend payout ratio (DPR) is presently 101.02%.

Analyst Ratings Changes

Several research firms recently issued reports on ADI. Wall Street Zen raised shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. KeyCorp increased their price target on shares of Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Finally, Benchmark upped their price objective on shares of Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $273.53.

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.