493,064 Shares in Analog Devices, Inc. $ADI Bought by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 493,064 shares of the semiconductor company’s stock, valued at approximately $195,830,000. Caisse de depot et placement du Quebec owned approximately 0.10% of Analog Devices as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Analog Devices during the 2nd quarter valued at about $18,610,868,000. Norges Bank purchased a new position in shares of Analog Devices during the fourth quarter valued at about $2,215,516,000. Legal & General Group Plc bought a new stake in shares of Analog Devices in the second quarter worth about $1,525,167,000. Bank of New York Mellon Corp bought a new stake in shares of Analog Devices in the second quarter worth about $1,326,066,000. Finally, Primecap Management Co. CA purchased a new stake in shares of Analog Devices in the second quarter worth about $1,242,479,000. 86.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director owned 120,175 shares of the company’s stock, valued at $48,169,745.25. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,274 shares of company stock worth $17,889,486 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on ADI. Wolfe Research restated an “outperform” rating and set a $475.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 price objective on shares of Analog Devices in a report on Monday, August 17th. Evercore reiterated an “outperform” rating and set a $474.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research report on Thursday, August 20th. Finally, Wells Fargo & Company lowered their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, August 20th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $454.63.

Analog Devices Stock Performance

NASDAQ:ADI opened at $371.80 on Thursday. The firm has a market capitalization of $180.16 billion, a PE ratio of 44.10, a PEG ratio of 0.76 and a beta of 1.20. The stock’s fifty day moving average is $385.42 and its 200 day moving average is $372.64. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. 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 (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the business posted $2.05 earnings per share. The business’s 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 anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Analog Devices 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.