88,442 Analog Devices, Inc. $ADI Shares Purchased by Candriam S.C.A.

Candriam S.C.A. lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 29.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 384,899 shares of the semiconductor company’s stock after acquiring an additional 88,442 shares during the quarter. Analog Devices accounts for about 0.7% of Candriam S.C.A.’s holdings, making the stock its 28th biggest holding. Candriam S.C.A.’s holdings in Analog Devices were worth $153,251,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADI. Contravisory Investment Management Inc. purchased a new stake in Analog Devices during the second quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new position in shares of Analog Devices during the second quarter valued at about $25,000. Nvwm LLC increased its holdings in shares of Analog Devices by 590.0% in the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after buying an additional 59 shares during the period. Cornerstone Financial Management LLC increased its holdings in shares of Analog Devices by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after buying an additional 28 shares during the period. Finally, Dunhill Financial LLC purchased a new position in shares of Analog Devices in the second quarter worth about $32,000. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total transaction of $584,190.00. Following the transaction, the chief financial officer owned 48,177 shares in the company, valued at $18,763,014.42. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the transaction, the insider directly owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. The trade was a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,436 shares of company stock valued at $20,681,906 over the last three months. Insiders own 0.36% of the company’s stock.

Analog Devices Stock Up 0.7%

Shares of NASDAQ:ADI opened at $363.56 on Friday. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a market cap of $176.17 billion, a PE ratio of 43.13, a P/E/G ratio of 0.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The stock’s 50-day moving average is $390.52 and its 200 day moving average is $373.48.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS 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 business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $2.05 EPS. Analog Devices’s quarterly revenue 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. Sell-side analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were 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 was Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.

Analyst Ratings Changes

ADI has been the subject of several analyst reports. Wall Street Zen cut Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company decreased their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th. Needham & Company LLC boosted their price objective on Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Seaport Research Partners raised 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 note on Thursday, August 20th. Finally, Robert W. Baird upped their price target on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $460.55.

About Analog Devices

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.