Zurich Insurance Group Ltd FI Increases Stake in Analog Devices, Inc. $ADI

Key Points

• Zurich Insurance Group Ltd FI increased its holdings in Analog Devices, Inc. by 26.1%, acquiring an additional 39,393 shares during the 1st quarter, bringing its total to 190,351 shares valued at $38.39 million.
• Several large investors, including Brighton Jones LLC and LMR Partners LLP, have also significantly increased their positions in Analog Devices, resulting in institutional investors owning 86.81% of the stock.
• Analog Devices reported $2.05 earnings per share (EPS) in its latest quarterly earnings, surpassing expectations and marking a 24.6% increase in revenue compared to the previous year.

Zurich Insurance Group Ltd FI boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,351 shares of the semiconductor company's stock after acquiring an additional 39,393 shares during the period. Zurich Insurance Group Ltd FI's holdings in Analog Devices were worth $38,388,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Analog Devices by 0.7% in the first quarter. Vanguard Group Inc. now owns 49,465,370 shares of the semiconductor company's stock worth $9,975,681,000 after acquiring an additional 359,841 shares during the period. Price T Rowe Associates Inc. MD raised its position in Analog Devices by 26.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after acquiring an additional 2,407,460 shares during the period. Raymond James Financial Inc. raised its position in Analog Devices by 0.3% in the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company's stock worth $793,616,000 after acquiring an additional 12,666 shares during the period. Amundi raised its position in Analog Devices by 29.2% in the first quarter. Amundi now owns 3,892,848 shares of the semiconductor company's stock worth $785,071,000 after acquiring an additional 880,636 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Analog Devices by 25.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company's stock worth $708,260,000 after acquiring an additional 668,023 shares during the period. Institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares of the company's stock, valued at $5,979,629.35. The trade was a 45.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the completion of the transaction, the senior vice president directly owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This represents a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,115 shares of company stock worth $9,529,113 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADI has been the topic of several research reports. Stifel Nicolaus lifted their price objective on shares of Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Citigroup reaffirmed a "buy" rating and issued a $290.00 price objective (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Wells Fargo & Company lifted their price objective on shares of Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. UBS Group lowered their price target on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Finally, Cowen reissued a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded down $3.03 during midday trading on Friday, hitting $245.21. The company's stock had a trading volume of 2,109,962 shares, compared to its average volume of 3,912,930. The stock has a fifty day moving average price of $238.99 and a 200 day moving average price of $220.41. The firm has a market capitalization of $120.63 billion, a price-to-earnings ratio of 62.55, a P/E/G ratio of 2.09 and a beta of 1.08. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS 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 analysts' expectations of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. Analog Devices's revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices's payout ratio is currently 101.02%.

Analog Devices 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.