Nykredit A S Takes $63.89 Million Position in Analog Devices, Inc. $ADI

Key Points

• Nykredit A S acquired a new 160,870-share stake in Analog Devices during the second quarter, valued at approximately $63.9 million. Institutional investors collectively own 86.81% of ADI’s outstanding shares.
• Analog Devices reported quarterly earnings of $3.45 per share, exceeding estimates of $3.34, while revenue rose 39.2% year over year to $4.02 billion. The company also maintained a quarterly dividend of $1.10 per share, equivalent to a 1.2% yield.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of $457.97, compared with its recent price of $375.72. Company insiders sold shares during the quarter, including sales by a director and the CFO under pre-arranged trading plans.

Nykredit A S bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 160,870 shares of the semiconductor company's stock, valued at approximately $63,893,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its holdings in Analog Devices by 1.5% during the second quarter. Parkside Financial Bank & Trust now owns 2,577 shares of the semiconductor company's stock worth $1,024,000 after buying an additional 38 shares during the last quarter. Range Advisory LLC lifted its position in Analog Devices by 26.7% in the 2nd quarter. Range Advisory LLC now owns 1,435 shares of the semiconductor company's stock valued at $570,000 after acquiring an additional 302 shares in the last quarter. Cornerstone Financial Management LLC lifted its position in Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 28 shares in the last quarter. Corient Private Wealth LP boosted its position in shares of Analog Devices by 34.0% during the second quarter. Corient Private Wealth LP now owns 444,500 shares of the semiconductor company's stock valued at $176,542,000 after buying an additional 112,715 shares during the last quarter. Finally, Tucker Asset Management LLC grew its holdings in Analog Devices by 8.8% during the second quarter. Tucker Asset Management LLC now owns 1,067 shares of the semiconductor company's stock worth $424,000 after buying an additional 86 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $375.72 on Friday. The stock has a market cap of $182.06 billion, a PE ratio of 44.57, a PEG ratio of 1.12 and a beta of 1.20. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company's fifty day moving average is $372.74 and its 200 day moving average is $374.95. 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 announced its quarterly earnings data 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. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The business's revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Analyst Upgrades and Downgrades

ADI has been the topic of several recent analyst reports. Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a research note on Thursday, August 20th. Fundamental Research set a $550.00 price objective on Analog Devices in a research note on Monday, June 29th. Morgan Stanley raised their target price on Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. The Goldman Sachs Group reiterated a "buy" rating and set a $480.00 target price on shares of Analog Devices in a research note on Wednesday, August 19th. 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 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $457.97.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $362.85, for a total transaction of $513,795.60. Following the completion of the transaction, the director directly owned 111,679 shares of the company's stock, valued at $40,522,725.15. This trade represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents a 4.72% 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. In the last quarter, insiders have sold 40,431 shares of company stock worth $14,987,547. 0.36% of the stock is owned by company insiders.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.

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