Munich Reinsurance Co Stock Corp in Munich Lowers Position in Analog Devices, Inc. $ADI

Key Points

• Munich Reinsurance sharply reduced its Analog Devices stake by 95.1% in the second quarter, selling 9,140 shares and retaining 469 shares valued at approximately $186,000. Institutional investors still own 86.81% of ADI.
• Analysts remain broadly bullish, with 26 Buy, two Strong Buy and two Hold ratings. The average price target is $454.63, with recent targets ranging as high as $525.
• Analog Devices exceeded quarterly expectations with $3.45 in adjusted earnings per share and $4.02 billion in revenue, up 39.2% year over year. The company also declared a quarterly dividend of $1.10, equivalent to a 1.2% annualized yield.

Munich Reinsurance Co Stock Corp in Munich trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 95.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 469 shares of the semiconductor company's stock after selling 9,140 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in Analog Devices were worth $186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Riverbend Wealth Management LLC increased its holdings in shares of Analog Devices by 2.2% in the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock worth $396,000 after purchasing an additional 27 shares during the last quarter. Bridgewater Advisors Inc. boosted its stake in Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after buying an additional 27 shares during the last quarter. Silicon Valley Capital Partners grew its holdings in Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock valued at $214,000 after buying an additional 27 shares in the last quarter. Sound Income Strategies LLC increased its stake in Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock worth $90,000 after acquiring an additional 30 shares during the last quarter. Finally, 1620 Investment Advisors Inc. increased its stake in Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company's stock worth $182,000 after acquiring an additional 32 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADI shares. Oppenheimer increased their target price on Analog Devices from $400.00 to $450.00 and gave the company an "outperform" rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. KeyCorp increased their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Bank of America lifted their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Finally, Stifel Nicolaus boosted their target price on shares of Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Analog Devices presently has an average rating of "Buy" and an average price target of $454.63.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the transaction, the chief executive officer owned 134,660 shares of the company's stock, valued at approximately $47,983,397.80. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the sale, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,363 shares of company stock worth $15,477,939 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 1.6%

NASDAQ ADI opened at $362.25 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The firm has a market capitalization of $175.54 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 1.12 and a beta of 1.20. The company has a fifty day moving average of $377.17 and a two-hundred day moving average of $373.91.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.

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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