Jennison Associates LLC Buys 90,962 Shares of Analog Devices, Inc. $ADI

Jennison Associates LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2,183.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 95,128 shares of the semiconductor company’s stock after buying an additional 90,962 shares during the period. Jennison Associates LLC’s holdings in Analog Devices were worth $30,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADI. ING Groep NV grew its holdings in shares of Analog Devices by 45.1% in the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after purchasing an additional 69,202 shares during the last quarter. Nordea Investment Management AB raised its holdings in Analog Devices by 247.3% during the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock valued at $95,802,000 after buying an additional 249,702 shares during the last quarter. Covenant Asset Management LLC bought a new stake in Analog Devices during the 4th quarter valued at $2,500,000. HF Advisory Group LLC boosted its position in Analog Devices by 661.6% during the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock valued at $13,477,000 after buying an additional 43,168 shares during the period. Finally, Jones Kertz & Associates Inc. purchased a new stake in Analog Devices during the 4th quarter valued at $1,480,000. Institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the transaction, the director owned 11,019 shares of the company’s stock, valued at approximately $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $377.01, for a total transaction of $533,846.16. Following the sale, the director owned 117,343 shares in the company, valued at approximately $44,239,484.43. This trade represents a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 103,858 shares of company stock valued at $42,062,730. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the topic of a number of analyst reports. Argus set a $460.00 price objective on shares of Analog Devices in a research report on Tuesday, May 26th. Barclays raised their target price on Analog Devices from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their price target on Analog Devices from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Needham & Company LLC upped their price target on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Truist Financial increased their price objective on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $441.00.

Analog Devices Trading Down 0.8%

NASDAQ:ADI opened at $372.46 on Tuesday. The company has a 50-day moving average price of $405.42 and a 200-day moving average price of $358.22. The stock has a market cap of $181.42 billion, a price-to-earnings ratio of 55.34, a P/E/G ratio of 1.05 and a beta of 1.18. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 12 month low of $218.37 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. Analog Devices’s revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts predict that Analog Devices, Inc. will post 12.43 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

About Analog Devices

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.