Nykredit A S Acquires Shares of 178,495 Analog Devices, Inc. $ADI

Key Points

• Nykredit A/S acquired 178,495 shares of Analog Devices in the second quarter, worth approximately $70.9 million. Institutional investors collectively own 86.81% of the company.
• Analysts remain broadly positive, with an average “Buy” rating and a consensus price target of $454.63; several firms recently raised their targets, though Wells Fargo lowered its target to $500.
• Analog Devices reported quarterly revenue of $4.02 billion and EPS of $3.45, beating estimates and marking 39.2% year-over-year revenue growth. The company also declared a quarterly dividend of $1.10 per share, equating to a 1.2% annual yield.

Nykredit A S acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 178,495 shares of the semiconductor company's stock, valued at approximately $70,893,000.

Other hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of Analog Devices during the fourth quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new position in Analog Devices during the second quarter worth about $25,000. Manning & Napier Advisors LLC acquired a new stake in Analog Devices in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices in the 4th quarter valued at approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Analog Devices in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Ratings Changes

ADI has been the subject of a number of analyst reports. Oppenheimer increased their target price on Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Bank of America upped their price objective on Analog Devices from $425.00 to $460.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Jefferies Financial Group increased their price objective on Analog Devices from $410.00 to $475.00 and gave the stock a "buy" rating in a research report on Wednesday, May 20th. Wells Fargo & Company reduced their target price on Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $454.63.

Insider Buying and Selling at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the sale, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. This trade represents a 1.18% 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 quarter, insiders sold 41,363 shares of company stock valued at $15,477,939. Company insiders own 0.36% of the company's stock.

Analog Devices Trading Up 0.3%

Shares of ADI stock opened at $355.71 on Thursday. The stock has a market cap of $172.37 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.09 and a beta of 1.20. 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 fifty-two week low of $223.47 and a fifty-two week high of $445.91. The business has a fifty day simple moving average of $378.90 and a 200-day simple moving average of $373.85.

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 net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the firm earned $2.05 EPS. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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