Nan Shan Life Insurance Co. Ltd. Buys 55,409 Shares of Analog Devices, Inc. $ADI

Key Points

• Nan Shan Life Insurance increased its Analog Devices stake by 804.4% in the second quarter, purchasing 55,409 additional shares to hold 62,297 shares valued at approximately $24.7 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly optimistic, with an average “Buy” rating and a consensus price target of $454.63. Recent targets range from $405 to $550.
• Analog Devices reported strong quarterly results, with adjusted EPS of $3.45 and revenue of $4.02 billion, up 39.2% year over year. The company also announced a quarterly dividend of $1.10 per share, equivalent to a 1.2% annualized yield.

Nan Shan Life Insurance Co. Ltd. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 804.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,297 shares of the semiconductor company's stock after purchasing an additional 55,409 shares during the quarter. Nan Shan Life Insurance Co. Ltd.'s holdings in Analog Devices were worth $24,742,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ADI. Contravisory Investment Management Inc. purchased a new position in Analog Devices during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the second quarter valued at $25,000. Dunhill Financial LLC bought a new stake in Analog Devices in the second quarter valued at $32,000. Quantbot Technologies LP purchased a new position in Analog Devices during the 2nd quarter valued at $33,000. Finally, Caitlin John LLC bought a new position in Analog Devices in the 2nd quarter worth $35,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADI has been the topic of several research analyst reports. TD Cowen reiterated a "buy" rating and set a $460.00 price target on shares of Analog Devices in a research report on Thursday, August 20th. Fundamental Research set a $550.00 price target on Analog Devices in a research report on Monday, June 29th. Weiss Ratings raised Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Stifel Nicolaus increased their price target on shares of Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Finally, Truist Financial upped their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the stock a "hold" rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $454.63.

Insider Activity at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. The trade was a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company's stock, valued at $49,926,294. The trade was a 6.78% decrease in their position. 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. In the last 90 days, insiders sold 31,363 shares of company stock worth $11,914,639. Company insiders own 0.36% of the company's stock.

Analog Devices Price Performance

Shares of ADI opened at $354.52 on Wednesday. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a market capitalization of $171.79 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The firm has a 50 day moving average of $380.04 and a 200 day moving average of $373.68. 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 (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS 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 during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $2.05 EPS. Analog Devices's revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Analog Devices Company 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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