568,032 Shares in Analog Devices, Inc. $ADI Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 568,032 shares of the semiconductor company’s stock, valued at approximately $225,601,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Contravisory Investment Management Inc. bought a new position in shares of Analog Devices in the second quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Analog Devices during the second quarter worth about $25,000. Dunhill Financial LLC bought a new stake in Analog Devices during the 2nd quarter valued at approximately $32,000. Quantbot Technologies LP bought a new stake in Analog Devices during the 2nd quarter valued at approximately $33,000. Finally, Banque Transatlantique SA purchased a new position in Analog Devices in the 4th quarter worth approximately $25,000. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Argus set a $460.00 price target on Analog Devices in a research note on Tuesday, May 26th. Barclays lifted their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. KeyCorp boosted their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock 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 for the company in a research report on Thursday, August 20th. Finally, Wells Fargo & Company cut their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Buy” and a consensus target price of $454.63.

Insider Buying and Selling at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director owned 11,019 shares of the company’s stock, valued at $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the transaction, the director owned 114,511 shares of the company’s stock, valued at $43,213,016.07. This trade represents a 1.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 45,274 shares of company stock worth $17,889,486. Company insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $371.17 on Tuesday. The firm has a market cap of $179.86 billion, a PE ratio of 44.03, a PEG ratio of 0.76 and a beta of 1.20. The stock has a 50 day moving average of $387.12 and a 200 day moving average of $371.92. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion for 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 revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

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.