Norges Bank Invests $2.22 Billion in Analog Devices, Inc. $ADI

Key Points

• Norges Bank bought a new stake in Analog Devices during the fourth quarter, purchasing 8.17 million shares valued at about $2.22 billion. The fund now owns roughly 1.67% of the semiconductor company.
• Analog Devices reported a strong quarterly earnings beat, with EPS of $3.09 versus estimates of $2.89 and revenue of $3.62 billion, up 37.2% year over year. The company also issued upbeat Q3 2026 guidance.
• The company declared a quarterly dividend of $1.10 per share and continues to attract bullish analyst attention, with multiple firms raising price targets and consensus sentiment sitting at Moderate Buy.

Norges Bank purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,169,308 shares of the semiconductor company's stock, valued at approximately $2,215,516,000. Norges Bank owned 1.67% of Analog Devices as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in shares of Analog Devices in the third quarter worth approximately $32,000. LFA Lugano Financial Advisors SA grew its stake in shares of Analog Devices by 92.9% in the third 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 grew its stake in shares of Analog Devices by 41.4% in the fourth 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. Entrust Financial LLC bought a new stake in shares of Analog Devices in the fourth quarter worth approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC grew its position in Analog Devices by 61.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock valued at $35,000 after buying an additional 49 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $413.85 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. Analog Devices, Inc. has a 1-year low of $210.80 and a 1-year high of $435.72. The company has a market capitalization of $201.58 billion, a P/E ratio of 61.49, a P/E/G ratio of 1.17 and a beta of 1.19. The firm's 50 day simple moving average is $372.03 and its two-hundred day simple moving average is $322.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The company's revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Research analysts expect that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices's payout ratio is currently 65.38%.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares of the company's stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 80,000 shares of company stock worth $31,519,000 over the last quarter. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADI. Sanford C. Bernstein restated a "market perform" rating and set a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Barclays boosted their target price on shares of Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, May 21st. Truist Financial boosted their target price on shares of Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a research report on Wednesday, May 20th. Jefferies Financial Group boosted their target price on shares of Analog Devices from $410.00 to $475.00 and gave the company a "buy" rating in a research report on Wednesday, May 20th. Finally, Arete Research upgraded shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $389.00 target price for the company in a research report on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $432.71.

Key Stories Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Raymond James raised its price target on Analog Devices to $430 from $385 and kept an Outperform rating, reinforcing confidence in the company’s post-earnings momentum. Article on Raymond James raising ADI price target
• Positive Sentiment: Evercore ISI also boosted its target to $474 from $387 after ADI posted a “beat-and-raise” quarter, signaling stronger-than-expected demand and earnings power. Article on Evercore ISI target hike
• Positive Sentiment: Analysts highlighted ADI’s industrial segment strength, with 56% year-over-year growth in the latest quarter driven by AI infrastructure, automation, and defense demand. Article on industrial segment growth
• Positive Sentiment: ADI’s strong quarterly results and upbeat guidance continue to support the stock’s bullish narrative, with revenue and EPS both topping expectations. Zacks article on ADI earnings and outlook
• Neutral Sentiment: CEO Vincent Roche sold 30,000 shares, which can create some investor caution, but the sale appears more like routine insider activity than a fundamental warning sign.
• Neutral Sentiment: Broader semiconductor and technology-sector strength is also providing a favorable backdrop for ADI shares.

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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