Analog Devices, Inc. $ADI Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stock holdings in Analog Devices, Inc. by 7.7% during the first quarter, selling 13,881 shares and holding 166,050 shares worth approximately $33.5 million at quarter's end.
• Analog Devices reported an earnings per share (EPS) of $1.85 for the most recent quarter, exceeding estimates by $0.15, and showed a 22.3% year-over-year revenue growth to $2.64 billion.
• The company declared a quarterly dividend of $0.99, leading to an annualized dividend of $3.96 and a yield of 1.7%, despite having a high dividend payout ratio of 107.90%.

State of New Jersey Common Pension Fund D cut its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,050 shares of the semiconductor company's stock after selling 13,881 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Analog Devices were worth $33,487,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth about $27,000. Menard Financial Group LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth about $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Analog Devices during the first quarter worth about $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Analog Devices during the first quarter worth about $33,000. Finally, North Capital Inc. purchased a new stake in shares of Analog Devices during the first quarter worth about $36,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADI. Oppenheimer increased their price target on shares of Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a report on Wednesday, June 18th. KGI Securities began coverage on shares of Analog Devices in a report on Friday, May 23rd. They issued a "buy" rating on the stock. Wells Fargo & Company set a $235.00 price target on shares of Analog Devices and gave the stock an "equal weight" rating in a report on Monday, June 16th. Finally, The Goldman Sachs Group began coverage on shares of Analog Devices in a report on Thursday, July 10th. They issued a "buy" rating and a $285.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $267.39.

Analog Devices Trading Up 1.4%

Shares of ADI traded up $3.5240 during midday trading on Thursday, reaching $248.3940. The company had a trading volume of 2,243,927 shares, compared to its average volume of 3,953,138. The firm has a 50 day simple moving average of $233.96 and a 200-day simple moving average of $216.74. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The stock has a market cap of $123.27 billion, a PE ratio of 67.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $249.58.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%.Analog Devices's revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's payout ratio is currently 107.90%.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director directly owned 167,571 shares in the company, valued at approximately $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by insiders.

About Analog Devices

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.