Analog Devices, Inc. $ADI Stock Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. decreased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,639 shares of the semiconductor company’s stock after selling 2,561 shares during the period. Analog Devices accounts for 4.1% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 8th largest holding. Dudley & Shanley Inc.’s holdings in Analog Devices were worth $25,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Analog Devices in the second quarter valued at $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices during the second quarter worth about $3,573,081,000. Legal & General Group Plc acquired a new stake in shares of Analog Devices during the second quarter worth about $1,525,167,000. Bank of New York Mellon Corp purchased a new stake in shares of Analog Devices in the 2nd quarter valued at about $1,326,066,000. Finally, Primecap Management Co. CA purchased a new stake in shares of Analog Devices in the 2nd quarter valued at about $1,242,479,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of research reports. Morgan Stanley raised their price target on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Needham & Company LLC upped their price target on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Arete Research boosted their price objective on shares of Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. BMO Capital Markets began coverage on shares of Analog Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $430.00 target price for the company. Finally, Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.09.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $362.85, for a total value of $513,795.60. Following the completion of the sale, the director directly owned 111,679 shares of the company’s stock, valued at approximately $40,522,725.15. The trade was a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total value of $498,024.00. Following the completion of the transaction, the insider owned 14,849 shares of the company’s stock, valued at $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 43,715 shares of company stock worth $16,430,870 over the last three months. Company insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

NASDAQ ADI traded up $0.47 during trading hours on Tuesday, reaching $419.57. The company’s stock had a trading volume of 717,701 shares, compared to its average volume of 4,052,571. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company’s 50-day moving average is $376.23 and its two-hundred day moving average is $381.06. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The stock has a market cap of $203.31 billion, a PE ratio of 49.87, a PEG ratio of 1.29 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The company’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.