1,691 Analog Devices, Inc. $ADI Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 55,091 shares of the semiconductor company’s stock after selling 1,691 shares during the quarter. State of Alaska Department of Revenue’s holdings in Analog Devices were worth $21,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. IPG Investment Advisors LLC bought a new position in Analog Devices in the second quarter worth approximately $1,922,000. Patriot Financial Group Insurance Agency LLC boosted its position in Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock valued at $6,511,000 after acquiring an additional 10,648 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after acquiring an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Analog Devices in the 2nd quarter valued at $500,414,000. Finally, Ieq Capital LLC bought a new position in shares of Analog Devices in the 2nd quarter worth $19,643,000. Institutional investors own 86.81% of the company’s stock.

Analyst Ratings Changes

ADI has been the topic of a number of recent research reports. Needham & Company LLC raised 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. BMO Capital Markets assumed coverage on shares of Analog Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price target for the company. Morgan Stanley raised their price target on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Fundamental Research set a $550.00 price target on shares of Analog Devices in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $460.09.

Insider Activity at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider directly owned 40,428 shares in the company, valued at $16,437,216.24. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares of the company’s stock, valued at $20,292,537.12. This trade represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,936 shares of company stock valued at $19,430,764 in the last three months. 0.36% of the stock is owned by insiders.

Analog Devices Stock Down 0.7%

Shares of ADI traded down $2.96 during midday trading on Thursday, hitting $400.61. 1,977,454 shares of the company’s stock traded hands, compared to its average volume of 4,019,833. 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 stock has a market capitalization of $194.12 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91. The firm’s fifty day moving average is $382.11 and its 200-day moving average is $385.78.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping 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 firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 12.96 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio is 52.19%.

Analog Devices Company Profile

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.