TIAA Trust National Association Has $4.58 Million Stock Holdings in Analog Devices, Inc. $ADI

TIAA Trust National Association trimmed its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,238 shares of the semiconductor company’s stock after selling 502 shares during the quarter. TIAA Trust National Association’s holdings in Analog Devices were worth $4,579,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Zweig DiMenna Associates LLC acquired a new position in Analog Devices in the 2nd quarter valued at approximately $8,093,000. Versor Investments LP acquired a new position in Analog Devices in the 2nd quarter valued at approximately $1,050,000. GHP Investment Advisors Inc. increased its position in Analog Devices by 0.8% in the 2nd quarter. GHP Investment Advisors Inc. now owns 48,696 shares of the semiconductor company’s stock valued at $11,591,000 after acquiring an additional 399 shares during the period. Plato Investment Management Ltd increased its position in Analog Devices by 0.3% in the 2nd quarter. Plato Investment Management Ltd now owns 17,099 shares of the semiconductor company’s stock valued at $4,055,000 after acquiring an additional 49 shares during the period. Finally, Kesler Norman & Wride LLC increased its position in Analog Devices by 1.4% in the 2nd quarter. Kesler Norman & Wride LLC now owns 36,442 shares of the semiconductor company’s stock valued at $8,675,000 after acquiring an additional 515 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Analog Devices news, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president directly owned 63,048 shares in the company, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $243.71, for a total transaction of $2,437,100.00. Following the completion of the transaction, the chief executive officer directly owned 140,118 shares in the company, valued at $34,148,157.78. This trade represents a 6.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 49,115 shares of company stock valued at $12,232,985. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ADI has been the subject of several recent research reports. Truist Financial upped their price target on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, August 21st. Piper Sandler upped their price target on shares of Analog Devices from $215.00 to $245.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. UBS Group decreased their price objective on shares of Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, July 7th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Finally, Citigroup reiterated a “buy” rating and set a $290.00 price objective (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $275.29.

Analog Devices Trading Down 0.2%

NASDAQ:ADI opened at $233.61 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $114.93 billion, a price-to-earnings ratio of 59.59, a PEG ratio of 1.98 and a beta of 1.09. The firm has a fifty day simple moving average of $243.50 and a two-hundred day simple moving average of $230.92. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the company posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.