Railway Pension Investments Ltd lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 102.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,940 shares of the semiconductor company's stock after purchasing an additional 63,740 shares during the quarter. Railway Pension Investments Ltd's holdings in Analog Devices were worth $50,020,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Banque Transatlantique SA purchased a new stake in Analog Devices in the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in Analog Devices during the second quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices in the 2nd quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 86.81% of the company's stock.
Analyst Ratings Changes
ADI has been the topic of several research reports. Evercore restated an "outperform" rating and issued a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Raymond James Financial reaffirmed an "outperform" rating and set a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Wells Fargo & Company dropped their target price on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Thursday, August 20th. Morgan Stanley raised their price target 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. Finally, The Goldman Sachs Group restated a "buy" rating and set a $480.00 price target on shares of Analog Devices in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $454.63.
Check Out Our Latest Stock Analysis on ADI
Insider Transactions at Analog Devices
In related news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $389.75, for a total value of $3,897,500.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company's stock, valued at $53,605,435.50. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director owned 120,175 shares in the company, valued at $48,169,745.25. This 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 ninety days, insiders sold 31,363 shares of company stock worth $11,914,639. 0.36% of the stock is owned by company insiders.
Analog Devices Stock Performance
NASDAQ ADI opened at $362.14 on Tuesday. The stock has a fifty day simple moving average of $381.10 and a 200-day simple moving average of $373.56. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock has a market cap of $175.48 billion, a PE ratio of 42.96, a P/E/G ratio of 0.74 and a beta of 1.20. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91.
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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the company earned $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 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 will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices's dividend payout ratio (DPR) is presently 52.19%.
About Analog Devices
(
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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