Public Employees Retirement System of Ohio Sells 1,018 Shares of Analog Devices, Inc. $ADI

Key Points

• The Public Employees Retirement System of Ohio has decreased its stake in Analog Devices, Inc. by 0.5%, now owning 205,424 shares valued at approximately $48.9 million.
• Barclays and Evercore ISI have recently raised their price targets for Analog Devices, with new targets set at $240 and $303, respectively, reflecting heightened analyst confidence.
• Analog Devices has announced a quarterly dividend of $0.99, with a payout ratio of 101.02%, and the stock has a dividend yield of 1.6%.

Public Employees Retirement System of Ohio lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,424 shares of the semiconductor company's stock after selling 1,018 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Analog Devices were worth $48,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its position in Analog Devices by 284.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after purchasing an additional 22,973 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Analog Devices during the first quarter valued at about $296,000. Keybank National Association OH boosted its position in Analog Devices by 85.8% during the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after purchasing an additional 12,505 shares in the last quarter. Eastern Bank boosted its position in Analog Devices by 6.0% during the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company's stock valued at $39,664,000 after purchasing an additional 11,101 shares in the last quarter. Finally, McLean Asset Management Corp bought a new stake in Analog Devices during the second quarter valued at about $262,000. Institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays raised their price objective on Analog Devices from $185.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Evercore ISI increased their price target on Analog Devices from $280.00 to $303.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Thursday, August 21st. Truist Financial increased their price target on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group started coverage on Analog Devices in a research note on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and a consensus target price of $273.53.

Analog Devices Stock Down 0.2%

Shares of ADI opened at $246.78 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The stock's 50 day moving average is $239.38 and its two-hundred day moving average is $221.34. The firm has a market cap of $121.40 billion, a P/E ratio of 62.95, a PEG ratio of 2.08 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, beating 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 company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company earned $1.58 earnings per share. Analog Devices's quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

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

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 20,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $254.29, for a total value 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. The trade was a 45.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares in the company, valued at $15,525,570. This represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,240 shares of company stock valued at $10,300,738. Insiders own 0.33% of the company's stock.

Analog Devices Company 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.

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