Livforsakringsbolaget Skandia Omsesidigt Takes $1.21 Million Position in Analog Devices, Inc. $ADI

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,050 shares of the semiconductor company's stock, valued at approximately $1,210,000.

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Analog Devices during the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices during the second quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices in the fourth quarter worth approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Analog Devices in the 4th quarter worth $27,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 1,416 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the transaction, the director directly owned 114,511 shares in the company, valued at approximately $43,213,016.07. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director owned 10,019 shares of the company's stock, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 48,957 shares of company stock worth $19,268,931 over the last quarter. 0.36% of the stock is currently owned by company insiders.

Analog Devices Stock Down 3.4%

NASDAQ ADI opened at $361.78 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market capitalization of $175.31 billion, a P/E ratio of 42.92, a P/E/G ratio of 0.74 and a beta of 1.20. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The stock has a 50 day moving average price of $382.77 and a 200-day moving average price of $372.95.

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

Analog Devices Dividend Announcement

The firm 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 $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices's payout ratio is currently 52.19%.

Analyst Ratings Changes

ADI has been the subject of a number of recent research reports. Citigroup boosted their price target on Analog Devices from $400.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Fundamental Research set a $550.00 target price on shares of Analog Devices in a research report on Monday, June 29th. Sanford C. Bernstein upgraded shares of Analog Devices from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. Bank of America boosted their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Finally, KeyCorp boosted their price target on Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Analog Devices has a consensus rating of "Buy" and an average price target 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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