South Dakota Investment Council Has $2.94 Million Stock Position in Analog Devices, Inc. $ADI

South Dakota Investment Council cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 11.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,959 shares of the semiconductor company’s stock after selling 1,500 shares during the period. South Dakota Investment Council’s holdings in Analog Devices were worth $2,938,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 464 shares during the last quarter. NewSquare Capital LLC lifted its position in shares of Analog Devices by 35.4% during the second quarter. NewSquare Capital LLC now owns 325 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 85 shares in the last quarter. Ellevest Inc. purchased a new position in Analog Devices during the second quarter worth about $201,000. Finally, Main Street Research LLC purchased a new stake in Analog Devices in the 2nd quarter valued at about $416,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ADI. Jefferies Financial Group restated a “buy” rating and issued a $410.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Barclays boosted their price objective on Analog Devices from $375.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $373.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Truist Financial boosted their price target on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $366.96.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the completion of the transaction, the chief executive officer owned 155,688 shares in the company, valued at $47,783,760.96. This trade represents a 6.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Martin Cotter sold 10,000 shares of Analog Devices stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the transaction, the senior vice president directly owned 49,664 shares of the company’s stock, valued at $13,828,444.16. The trade was a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,743 shares of company stock worth $16,836,340 in the last three months. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Trading Up 0.7%

Shares of Analog Devices stock opened at $341.51 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. The stock has a market capitalization of $166.73 billion, a P/E ratio of 62.43, a P/E/G ratio of 1.56 and a beta of 1.00. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $363.20. The stock’s 50-day simple moving average is $314.52 and its 200 day simple moving average is $271.86.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company posted $1.63 EPS. Analog Devices’s revenue was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date is Tuesday, March 3rd. Analog Devices’s dividend payout ratio (DPR) is presently 80.44%.

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.