Analog Devices, Inc. $ADI Stock: Maryland State Retirement & Pension System Raises Position

Maryland State Retirement & Pension System increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 15.1% in the third quarter, Holdings Channel.com reports. The fund owned 30,052 shares of the semiconductor company’s stock after buying an additional 3,943 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Analog Devices were worth $11,922,000 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. Ullmann Wealth Partners Group LLC lifted its holdings in shares of Analog Devices by 4.4% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 592 shares of the semiconductor company’s stock worth $235,000 after buying an additional 25 shares during the period. Quest 10 Wealth Builders Inc. grew its position in shares of Analog Devices by 23.8% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 130 shares of the semiconductor company’s stock worth $52,000 after buying an additional 25 shares in the last quarter. Petros Family Wealth LLC increased its stake in shares of Analog Devices by 0.8% during the third quarter. Petros Family Wealth LLC now owns 3,377 shares of the semiconductor company’s stock valued at $1,340,000 after buying an additional 26 shares during the period. Bridgewater Advisors Inc. increased its stake in shares of Analog Devices by 1.5% during the first quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after buying an additional 27 shares during the period. Finally, Silicon Valley Capital Partners increased its stake in shares of Analog Devices by 4.2% during the first quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 27 shares during the period. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 4.0%

Shares of NASDAQ ADI opened at $409.08 on Thursday. Analog Devices, Inc. has a 12-month low of $224.25 and a 12-month high of $445.91. The stock’s fifty day simple moving average is $392.90 and its two-hundred day simple moving average is $374.87. The stock has a market capitalization of $198.23 billion, a PE ratio of 48.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24. 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 (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts expect that Analog Devices, Inc. will post 13.00 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Wall Street Analysts Forecast Growth

ADI has been the subject of several recent research reports. Needham & Company LLC lifted their price objective on Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wells Fargo & Company dropped their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. TD Cowen raised their target price on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Wall Street Zen lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Morgan Stanley upped their price target on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating 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. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $460.55.

Insiders Place Their Bets

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the transaction, the insider directly owned 40,428 shares in the company, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 52,436 shares of company stock worth $20,681,906. 0.36% of the stock is owned by corporate insiders.

Analog Devices Company Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.