Danica Pension Livsforsikringsaktieselskab Invests $10.22 Million in Analog Devices, Inc. $ADI

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 32,121 shares of the semiconductor company’s stock, valued at approximately $10,219,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADI. Vanguard Group Inc. grew its stake in shares of Analog Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after acquiring an additional 503,970 shares in the last quarter. State Street Corp lifted its position in shares of Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after purchasing an additional 88,538 shares in the last quarter. Morgan Stanley boosted its holdings in Analog Devices by 1.9% during the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after purchasing an additional 194,535 shares during the last quarter. Bank of America Corp DE increased its stake in Analog Devices by 42.8% in the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after buying an additional 2,912,666 shares during the last quarter. Finally, Norges Bank bought a new stake in Analog Devices during the 4th quarter worth about $2,215,516,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Up 2.8%

Shares of ADI stock opened at $382.81 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The firm’s 50-day moving average is $404.68 and its 200-day moving average is $359.01. The stock has a market cap of $186.46 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 1.04 and a beta of 1.18. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices’s revenue was up 37.2% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s payout ratio is currently 65.38%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADI. Bank of America raised their price objective on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Citigroup increased their price target on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. TD Cowen raised their price target on Analog Devices from $450.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Needham & Company LLC boosted their price target on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $441.00.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 30,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 103,858 shares of company stock valued at $42,062,730. 0.36% of the stock is owned by insiders.

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.