Rakuten Investment Management Inc. Buys New Holdings in Analog Devices, Inc. $ADI

Rakuten Investment Management Inc. bought a new position in Analog Devices, Inc. (NASDAQ:ADI) in the third quarter, HoldingsChannel.com reports. The fund bought 166,782 shares of the semiconductor company’s stock, valued at approximately $66,416,000.

A number of other large investors have also added to or reduced their stakes in ADI. BlackRock Inc. bought a new position in shares of Analog Devices during the 2nd quarter valued at $18,610,868,000. Bank of America Corp DE purchased a new position in shares of Analog Devices in the 2nd quarter worth $3,573,081,000. Legal & General Group Plc bought a new stake in shares of Analog Devices in the second quarter worth $1,525,167,000. Bank of New York Mellon Corp bought a new stake in shares of Analog Devices in the second quarter worth $1,326,066,000. Finally, Primecap Management Co. CA purchased a new stake in Analog Devices during the second quarter valued at $1,242,479,000. Institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ADI. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Wells Fargo & Company lowered their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th. Morgan Stanley raised their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, KeyCorp boosted their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $419.79 on Wednesday. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The stock’s fifty day moving average is $390.31 and its 200 day moving average is $372.32. The stock has a market cap of $203.42 billion, a P/E ratio of 49.80, a P/E/G ratio of 1.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. Analog Devices’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Analog Devices’s payout ratio is 52.19%.

Insider Activity at Analog Devices

In related news, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their position. The transaction was disclosed in a legal 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, insider Vivek Jain sold 3,305 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the sale, the insider owned 40,428 shares in the company, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 51,020 shares of company stock worth $20,105,198. 0.36% of the stock is owned by company insiders.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.