Van ECK Associates Corp Acquires 1,670,957 Shares of Analog Devices, Inc. $ADI

Van ECK Associates Corp lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 24.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,422,883 shares of the semiconductor company’s stock after buying an additional 1,670,957 shares during the quarter. Analog Devices makes up about 2.1% of Van ECK Associates Corp’s portfolio, making the stock its 12th biggest position. Van ECK Associates Corp owned 1.73% of Analog Devices worth $3,345,316,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADI. Contravisory Investment Management Inc. purchased a new stake in Analog Devices in the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices in the 2nd quarter worth about $25,000. Dunhill Financial LLC purchased a new position in shares of Analog Devices during the second quarter worth approximately $32,000. Quantbot Technologies LP purchased a new position in shares of Analog Devices during the second quarter worth approximately $33,000. Finally, Caitlin John LLC bought a new stake in shares of Analog Devices during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 3.4%

ADI opened at $361.78 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The firm has a market cap of $175.31 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 0.76 and a beta of 1.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The stock has a fifty day moving average price of $382.77 and a 200-day moving average price of $372.95.

Analog Devices (NASDAQ:ADI) last issued 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 return on equity of 16.39% and a net margin of 29.79%.The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America boosted their price target on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Barclays lifted their target price on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. KeyCorp upped their target price on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, Robert W. Baird raised their price target on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $454.63.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total value of $573,988.56. Following the completion of the sale, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at $49,926,294. This represents a 6.78% 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. Insiders have sold a total of 48,957 shares of company stock worth $19,268,931 over the last 90 days. 0.36% of the stock is currently owned by insiders.

Analog Devices Company 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.