Raiffeisen Bank International AG Boosts Stock Position in Analog Devices, Inc. $ADI

Key Points

• Raiffeisen Bank International increased its Analog Devices stake by 25.8% in the second quarter, bringing its holdings to 15,089 shares valued at approximately $5.9 million. Institutional investors collectively own 86.81% of the company.
• Wall Street remains bullish on ADI, with an average “Buy” rating and a consensus price target of $454.63. Recent targets range from $425 to $550.
• Analog Devices exceeded quarterly expectations with EPS of $3.45 and revenue of $4.02 billion, up 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, representing a 1.2% annualized yield.

Raiffeisen Bank International AG raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 25.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,089 shares of the semiconductor company's stock after buying an additional 3,093 shares during the quarter. Raiffeisen Bank International AG's holdings in Analog Devices were worth $5,912,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Analog Devices during the 2nd quarter valued at about $18,610,868,000. State Street Corp lifted its stake in shares of Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company's stock worth $6,369,833,000 after buying an additional 88,538 shares in the last quarter. Morgan Stanley lifted its stake in shares of Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company's stock worth $2,834,210,000 after buying an additional 194,535 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after buying an additional 501,604 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock valued at $3,345,316,000 after acquiring an additional 1,670,957 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ADI. Evercore reiterated an "outperform" rating and set a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Morgan Stanley upped their price target on Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. BMO Capital Markets assumed coverage on Analog Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price objective on the stock. Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective for the company in a report on Thursday, August 20th. Finally, Fundamental Research set a $550.00 target price on Analog Devices in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Analog Devices presently has an average rating of "Buy" and a consensus target price of $454.63.

Insider Buying and Selling

In other Analog Devices news, CFO Richard Puccio, Jr. sold 2,683 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $374.50, for a total value of $374,500.00. Following the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. The trade was a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,363 shares of company stock valued at $15,477,939 over the last three months. 0.36% of the stock is currently owned by company insiders.

Analog Devices Price Performance

NASDAQ ADI opened at $356.50 on Friday. The company has a 50-day moving average price of $377.67 and a 200-day moving average price of $373.99. Analog Devices, Inc. has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $172.75 billion, a P/E ratio of 42.29, a PEG ratio of 1.10 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced 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 net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The firm's quarterly revenue 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. Equities research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices's payout ratio is 52.19%.

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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