Andra AP fonden Sells 30,400 Shares of Analog Devices, Inc. $ADI

Andra AP fonden lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 32.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 62,266 shares of the semiconductor company’s stock after selling 30,400 shares during the period. Andra AP fonden’s holdings in Analog Devices were worth $24,730,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Altus USA Inc. grew its stake in shares of Analog Devices by 212.1% during the second quarter. Wellington Altus USA Inc. now owns 1,002 shares of the semiconductor company’s stock valued at $398,000 after buying an additional 681 shares during the last quarter. Bouchey Financial Group Ltd. purchased a new position in Analog Devices during the 2nd quarter valued at $205,000. Sequoia Financial Advisors LLC grew its position in Analog Devices by 5.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,450 shares of the semiconductor company’s stock valued at $8,519,000 after acquiring an additional 1,041 shares during the last quarter. IPG Investment Advisors LLC bought a new position in Analog Devices in the 2nd quarter valued at $1,922,000. Finally, Cidel Asset Management Inc. increased its stake in Analog Devices by 45.0% in the second quarter. Cidel Asset Management Inc. now owns 7,331 shares of the semiconductor company’s stock worth $2,912,000 after purchasing an additional 2,276 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Up 0.8%

Shares of ADI stock traded up $3.11 on Tuesday, hitting $386.11. The stock had a trading volume of 772,293 shares, compared to its average volume of 4,127,757. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The business has a 50 day moving average price of $372.68 and a 200 day moving average price of $375.42. The company has a market cap of $187.10 billion, a PE ratio of 45.78, a P/E/G ratio of 1.16 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the business earned $2.05 EPS. The firm’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at $49,926,294. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction on 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 sale, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 40,431 shares of company stock worth $14,987,547. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADI shares. Robert W. Baird boosted their target price on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. BMO Capital Markets began coverage on shares of Analog Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective for the company. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a research note on Thursday, August 20th. Argus set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, May 26th. Finally, Fundamental Research set a $550.00 price target on shares of Analog Devices in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $457.97.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.

The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.