Swedbank AB Buys 74,843 Shares of Analog Devices, Inc. $ADI

Key Points

• Swedbank AB increased its stake in Analog Devices, Inc. by 2.3%, purchasing an additional 74,843 shares, bringing its total holdings to approximately 3.37 million shares.
• Several hedge funds, including China Universal Asset Management, have significantly increased their positions in Analog Devices, reflecting strong institutional interest in the company.
• Analog Devices reported a quarterly earnings per share of $2.05, exceeding estimates, while also announcing a $0.99 quarterly dividend, contributing to a 1.6% dividend yield.

Swedbank AB increased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,367,832 shares of the semiconductor company's stock after buying an additional 74,843 shares during the period. Analog Devices comprises about 0.9% of Swedbank AB's holdings, making the stock its 16th largest position. Swedbank AB owned about 0.68% of Analog Devices worth $801,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Analog Devices during the 4th quarter worth approximately $27,000. Menard Financial Group LLC bought a new position in Analog Devices during the fourth quarter worth $27,000. Activest Wealth Management lifted its stake in Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 127 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Analog Devices during the first quarter worth $27,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Analog Devices in the first quarter worth $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

NASDAQ:ADI traded up $2.01 during mid-day trading on Monday, hitting $247.34. 2,166,035 shares of the stock were exchanged, compared to its average volume of 2,979,948. The stock has a market capitalization of $121.68 billion, a price-to-earnings ratio of 63.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.08. The firm's 50-day simple moving average is $239.26 and its 200 day simple moving average is $221.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.10. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company's revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company earned $1.58 EPS. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $15,525,570. The trade was a 16.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total value of $771,625.00. Following the completion of the transaction, the director owned 155,071 shares in the company, valued at $38,290,131.32. The trade was a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,240 shares of company stock valued at $10,300,738 over the last 90 days. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADI has been the topic of a number of research analyst reports. Truist Financial raised their price target on Analog Devices from $219.00 to $249.00 and gave the company a "hold" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on Analog Devices from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Evercore ISI raised their price objective on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their price target on Analog Devices from $248.00 to $270.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Benchmark lifted their price target on Analog Devices from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $273.53.

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.