Cidel Asset Management Inc. Has $2.91 Million Stock Holdings in Analog Devices, Inc. $ADI

Cidel Asset Management Inc. boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 45.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,331 shares of the semiconductor company’s stock after acquiring an additional 2,276 shares during the quarter. Cidel Asset Management Inc.’s holdings in Analog Devices were worth $2,912,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of Analog Devices by 39,170.1% during the second quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company’s stock worth $117,688,546,000 after buying an additional 295,563,249 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Analog Devices during the 2nd quarter valued at $18,610,868,000. Bank of America Corp DE bought a new stake in Analog Devices during the 2nd quarter worth $3,573,081,000. Norges Bank bought a new stake in Analog Devices during the 4th quarter worth $2,215,516,000. Finally, Legal & General Group Plc acquired a new position in Analog Devices in the 2nd quarter worth about $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total transaction of $3,897,500.00. Following the completion of the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at $53,605,435.50. This trade represents a 6.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 transaction, the director owned 117,343 shares in the company, valued at $44,239,484.43. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,515 shares of company stock valued at $14,340,227 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on ADI shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 target price on shares of Analog Devices in a research report on Wednesday, August 19th. Piper Sandler set a $460.00 price objective on Analog Devices in a research note on Tuesday. KeyCorp raised their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $457.97.

Analog Devices Stock Performance

ADI stock opened at $363.20 on Wednesday. The stock has a 50-day moving average price of $375.90 and a 200-day moving average price of $374.46. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. 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 $175.99 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $3.92 billion. During the same quarter in the prior year, the company earned $2.05 EPS. 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 expect that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Analog Devices 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.