New York State Teachers Retirement System Buys 1,820 Shares of Analog Devices, Inc. $ADI

New York State Teachers Retirement System lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,164 shares of the semiconductor company’s stock after acquiring an additional 1,820 shares during the period. New York State Teachers Retirement System’s holdings in Analog Devices were worth $117,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Banque Transatlantique SA bought a new position in Analog Devices during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new position in shares of Analog Devices in the fourth quarter worth about $26,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Analog Devices in the fourth quarter worth approximately $27,000. Entrust Financial LLC bought a new position in shares of Analog Devices in the fourth quarter worth about $33,000. Finally, Albion Financial Group UT grew its holdings in Analog Devices by 41.4% during the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 36 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Down 3.0%

ADI stock opened at $377.16 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $445.91. The company’s 50-day simple moving average is $409.48 and its 200-day simple moving average is $349.05. The firm has a market cap of $183.71 billion, a P/E ratio of 56.04, a PEG ratio of 1.09 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities analysts forecast that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Insiders Place Their Bets

In related news, Director Karen Golz sold 1,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $411.95, for a total value of $411,950.00. Following the transaction, the director directly owned 12,019 shares of the company’s stock, valued at $4,951,227.05. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of Analog Devices stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total value of $573,988.56. Following the transaction, the director directly owned 120,175 shares in the company, valued at approximately $48,169,745.25. This trade represents a 1.18% 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. In the last 90 days, insiders sold 91,442 shares of company stock valued at $37,241,554. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ADI shares. Bank of America raised their price target on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Wells Fargo & Company raised their price target on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Barclays lifted their target price on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $439.79.

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.