Public Employees Retirement System of Ohio purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 201,053 shares of the semiconductor company's stock, valued at approximately $79,852,000.
Several other institutional investors also recently bought and sold shares of the business. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Analog Devices in the second quarter valued at approximately $1,068,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Analog Devices in the 2nd quarter worth $2,474,000. Blue Edge Capital LLC purchased a new stake in Analog Devices in the 2nd quarter worth $251,000. Proficio Capital Partners LLC acquired a new position in Analog Devices during the second quarter worth $4,030,000. Finally, Pure Financial Advisors LLC purchased a new position in Analog Devices during the second quarter valued at $475,000. 86.81% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the transaction, the director directly owned 11,019 shares in the company, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at $49,926,294. This represents a 6.78% 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. Insiders sold a total of 47,957 shares of company stock worth $18,894,431 over the last ninety days. 0.36% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $480.00 price objective on shares of Analog Devices in a report on Wednesday, August 19th. Argus set a $460.00 target price on Analog Devices in a report on Tuesday, May 26th. Raymond James Financial restated an "outperform" rating and issued a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Truist Financial increased their price objective on Analog Devices from $364.00 to $405.00 and gave the company a "hold" rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley lifted their target price on shares of Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $454.63.
View Our Latest Research Report on ADI
Analog Devices Price Performance
NASDAQ:ADI opened at $374.52 on Friday. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The stock has a market cap of $181.48 billion, a PE ratio of 44.43, a P/E/G ratio of 0.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a 50 day moving average price of $384.22 and a 200 day moving average price of $373.02.
Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) 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 company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the prior year, the business earned $2.05 EPS. The firm's quarterly 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. Equities research analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.
Analog Devices Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices's payout ratio is 52.19%.
Analog Devices Profile
(
Free Report)
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.
Further Reading
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