Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Analog Devices, Inc. $ADI

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Analog Devices by 1.3%, selling 3,999 shares to hold 300,056 shares (about 0.06% of the company) valued at roughly $81.38 million at quarter-end.
• Strong quarterly results and guidance: Analog Devices reported $2.46 EPS vs. $2.31 expected and $3.16B revenue vs. $3.10B estimated, with revenue up 30.4% year-over-year and Q2 EPS guidance of $2.73–$3.03.
• Dividend increase: the company raised its quarterly dividend to $1.10 from $0.99, implying a $4.40 annualized payout and about a 1.1% yield.

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 300,056 shares of the semiconductor company's stock after selling 3,999 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Analog Devices worth $81,375,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Y.D. More Investments Ltd acquired a new position in Analog Devices in the 3rd quarter valued at about $32,000. LFA Lugano Financial Advisors SA lifted its position in Analog Devices by 92.9% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 65 shares during the period. Albion Financial Group UT lifted its position in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 36 shares during the period. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Analog Devices by 61.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 49 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Analog Devices in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Down 1.7%

ADI stock opened at $392.59 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35. The company's 50 day simple moving average is $338.64 and its 200-day simple moving average is $295.94. Analog Devices, Inc. has a 12 month low of $186.73 and a 12 month high of $408.37. The firm has a market capitalization of $191.66 billion, a PE ratio of 71.77, a P/E/G ratio of 1.60 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.15. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The company's quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Equities analysts expect that Analog Devices, Inc. will post 11.38 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a $1.10 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 3rd. Analog Devices's dividend payout ratio (DPR) is currently 80.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Bank of America increased their price target on Analog Devices from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Monday, April 13th. Weiss Ratings cut Analog Devices from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, April 6th. Jefferies Financial Group reaffirmed a "buy" rating and set a $410.00 price objective on shares of Analog Devices in a report on Thursday, February 19th. Cantor Fitzgerald boosted their target price on Analog Devices from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 17th. Finally, UBS Group upped their target price on Analog Devices from $400.00 to $430.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $370.69.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of Analog Devices stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the completion of the sale, the chief accounting officer owned 14,740 shares in the company, valued at approximately $5,321,434.80. This trade represents a 22.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $318.14, for a total transaction of $3,181,400.00. Following the completion of the transaction, the chief executive officer directly owned 167,826 shares of the company's stock, valued at $53,392,163.64. The trade was a 5.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,324 shares of company stock valued at $8,758,085 over the last quarter. Insiders own 0.36% of the company's stock.

About Analog Devices

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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