Nykredit A S Invests $70.89 Million in Analog Devices, Inc. $ADI

Nykredit A S acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, HoldingsChannel reports. The firm acquired 178,495 shares of the semiconductor company’s stock, valued at approximately $70,893,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Analog Devices by 36.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 464 shares during the period. Ieq Capital LLC lifted its stake in shares of Analog Devices by 38.0% during the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock worth $10,610,000 after purchasing an additional 12,276 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of Analog Devices during the second quarter worth $644,000. Finally, Peapack Gladstone Financial Corp grew its position in shares of Analog Devices by 2.4% in the second quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock valued at $14,322,000 after purchasing an additional 1,406 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ADI shares. Morgan Stanley raised their price target on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Raymond James Financial restated an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a report on Thursday, May 21st. Argus set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, May 26th. Fundamental Research set a $550.00 price target on shares of Analog Devices in a report on Monday, June 29th. Finally, Wolfe Research reissued an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has an average rating of “Buy” and a consensus price target of $454.63.

Insider Activity

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the transaction, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the completion of the transaction, the director directly owned 114,511 shares of the company’s stock, valued at approximately $43,213,016.07. The trade was a 1.22% decrease in their ownership of the stock. 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. Insiders sold a total of 41,363 shares of company stock valued at $15,477,939 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Analog Devices Stock Performance

Shares of NASDAQ:ADI opened at $355.71 on Thursday. The company has a market cap of $172.37 billion, a P/E ratio of 42.20, a PEG ratio of 1.09 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The business’s 50-day simple moving average is $378.90 and its 200 day simple moving average is $373.85.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping 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 firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the business earned $2.05 EPS. Analog Devices’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. On average, sell-side analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is 52.19%.

Analog Devices Company Profile

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.