Retirement Systems of Alabama Cuts Stock Holdings in Analog Devices, Inc. $ADI

Retirement Systems of Alabama trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,427 shares of the semiconductor company’s stock after selling 181 shares during the quarter. Retirement Systems of Alabama’s holdings in Analog Devices were worth $25,332,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in shares of Analog Devices by 6,350.0% during the 1st 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. RMG Wealth Management LLC purchased a new stake in shares of Analog Devices during the second quarter valued at about $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Analog Devices during the first quarter valued at about $33,000. North Capital Inc. bought a new stake in shares of Analog Devices in the 1st quarter valued at about $36,000. Finally, Saudi Central Bank bought a new stake in shares of Analog Devices in the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of ADI opened at $232.90 on Friday. The business’s 50-day moving average is $244.28 and its two-hundred day moving average is $229.39. The company has a market capitalization of $114.58 billion, a P/E ratio of 59.41, a P/E/G ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. 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 (NASDAQ:ADI) last issued its earnings results 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Analog Devices’s payout ratio is 101.02%.

Insider Activity

In other news, SVP Martin Cotter sold 12,500 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the sale, the senior vice president directly owned 63,048 shares of the company’s stock, valued at $15,525,570. This represents a 16.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $246.92, for a total value of $771,625.00. Following the sale, the director owned 155,071 shares in the company, valued at $38,290,131.32. This trade represents a 1.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,115 shares of company stock valued at $12,232,985 in the last three months. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ADI. Evercore ISI raised their target price on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Analog Devices in a research report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and set a $290.00 target price (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Benchmark raised their price target on Analog Devices from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Truist Financial upped their price objective on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.29.

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.