Payden & Rygel Sells 11,210 Shares of Analog Devices, Inc. $ADI

Payden & Rygel lowered its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 16.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 57,090 shares of the semiconductor company’s stock after selling 11,210 shares during the period. Analog Devices makes up approximately 1.8% of Payden & Rygel’s holdings, making the stock its 13th largest holding. Payden & Rygel’s holdings in Analog Devices were worth $22,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bridgewater Advisors Inc. raised its stake in Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after buying an additional 27 shares during the period. Silicon Valley Capital Partners boosted its holdings in Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 27 shares during the last quarter. Cornerstone Financial Management LLC grew its position in Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 28 shares in the last quarter. 55 North Private Wealth LLC grew its holdings in shares of Analog Devices by 2.8% in the third quarter. 55 North Private Wealth LLC now owns 1,018 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 28 shares in the last quarter. Finally, Eagle Wealth Advisors LLC grew its stake in Analog Devices by 2.1% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 1,340 shares of the semiconductor company’s stock valued at $532,000 after purchasing an additional 28 shares during the period. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Down 3.7%

ADI opened at $417.11 on Friday. The firm has a market capitalization of $202.12 billion, a P/E ratio of 49.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91. The company has a fifty day moving average price of $388.54 and a 200-day moving average price of $371.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI) last issued 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. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the business posted $2.05 earnings per share. The firm’s 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. Equities research analysts expect that Analog Devices, Inc. will post 13.00 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.

Insiders Place Their Bets

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction 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 approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the transaction, the insider directly owned 40,428 shares of the company’s stock, valued at $16,437,216.24. The trade was a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,436 shares of company stock worth $20,014,954 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ADI has been the subject of several research analyst reports. BMO Capital Markets assumed coverage on shares of Analog Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $430.00 price target for the company. Morgan Stanley upped their price objective 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. Robert W. Baird increased their target price on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Piper Sandler set a $460.00 target price on shares of Analog Devices in a research note on Tuesday, September 8th. Finally, Evercore lowered their price target on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. One 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $460.55.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.