Analog Devices, Inc. $ADI Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 12.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,465 shares of the semiconductor company’s stock after acquiring an additional 11,849 shares during the period. QRG Capital Management Inc.’s holdings in Analog Devices were worth $43,079,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Banque Transatlantique SA purchased a new position in shares of Analog Devices in the 4th quarter valued at approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in shares of Analog Devices during the second quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Analog Devices during the second quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in Analog Devices during the 4th quarter worth $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $27,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director owned 10,019 shares in the company, valued at $3,752,115.50. This represents a 9.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $362.85, for a total value of $513,795.60. Following the transaction, the director directly owned 111,679 shares of the company’s stock, valued at approximately $40,522,725.15. This represents a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 41,931 shares of company stock worth $15,560,832. 0.36% of the stock is currently owned by insiders.

Analog Devices Price Performance

Shares of ADI traded down $5.14 during trading hours on Wednesday, reaching $385.23. The company had a trading volume of 3,203,995 shares, compared to its average volume of 4,134,958. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 12-month low of $223.47 and a 12-month high of $445.91. The firm has a 50 day simple moving average of $372.63 and a 200-day simple moving average of $375.77. The company has a market capitalization of $186.67 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 1.18 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping 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 firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The firm’s 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 expect that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Announces Dividend

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

Analyst Ratings Changes

ADI has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. BMO Capital Markets began coverage on Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price objective on the stock. Argus set a $460.00 target price on Analog Devices in a research report on Tuesday, May 26th. Fundamental Research set a $550.00 target price on Analog Devices in a research note on Monday, June 29th. Finally, Piper Sandler set a $460.00 price target on Analog Devices in a report on Tuesday, September 8th. Two equities research 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 MarketBeat.com, Analog Devices currently has an average rating of “Buy” and a consensus price target of $457.97.

Analog Devices Company 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.