Nissay Asset Management Corp Japan ADV Cuts Stake in Analog Devices, Inc. $ADI

Key Points

• Nissay Asset Management Corp Japan ADV reduced its stake in Analog Devices, Inc. by 13.8%, now holding 163,029 shares valued at approximately $32.88 million.
• Analog Devices reported Q3 earnings of $2.05 per share, surpassing estimates with revenue of $2.88 billion, reflecting a 24.6% increase compared to last year.
• The company declared a quarterly dividend of $0.99 per share, which results in a 1.6% dividend yield, with a payout ratio of 101.02%.

Nissay Asset Management Corp Japan ADV reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 13.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,029 shares of the semiconductor company's stock after selling 26,204 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Analog Devices were worth $32,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ADI. Brighton Jones LLC raised its holdings in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 529 shares during the last quarter. Captrust Financial Advisors increased its holdings in Analog Devices by 19.9% in the 4th quarter. Captrust Financial Advisors now owns 30,786 shares of the semiconductor company's stock worth $6,541,000 after acquiring an additional 5,116 shares in the last quarter. BOKF NA raised its position in shares of Analog Devices by 1.5% during the 4th quarter. BOKF NA now owns 5,398 shares of the semiconductor company's stock valued at $1,146,000 after purchasing an additional 82 shares during the period. Cetera Investment Advisers raised its position in shares of Analog Devices by 2.1% during the 4th quarter. Cetera Investment Advisers now owns 93,958 shares of the semiconductor company's stock valued at $19,962,000 after purchasing an additional 1,914 shares during the period. Finally, Colonial Trust Co SC lifted its stake in shares of Analog Devices by 2.7% during the 4th quarter. Colonial Trust Co SC now owns 4,569 shares of the semiconductor company's stock valued at $971,000 after buying an additional 118 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ADI. Oppenheimer lifted their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Raymond James Financial raised Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Williams Trading set a $260.00 price objective on Analog Devices in a research note on Friday, May 23rd. Seaport Res Ptn raised Analog Devices from a "strong sell" rating to a "hold" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group started coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 167,571 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total transaction of $5,085,800.00. Following the sale, the chief executive officer directly owned 23,515 shares of the company's stock, valued at $5,979,629.35. This represents a 45.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,115 shares of company stock worth $9,529,113. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Trading Down 0.6%

NASDAQ ADI traded down $1.61 during trading on Wednesday, hitting $246.57. The stock had a trading volume of 968,276 shares, compared to its average volume of 3,924,017. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The stock has a 50 day simple moving average of $238.91 and a 200 day simple moving average of $220.15. The stock has a market capitalization of $121.30 billion, a price-to-earnings ratio of 62.93, a P/E/G ratio of 2.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly 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 return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company's revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.99 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.6%. Analog Devices's dividend payout ratio is presently 101.02%.

Analog Devices Profile

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.