Analog Devices, Inc. $ADI Shares Bought by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,274 shares of the semiconductor company’s stock after purchasing an additional 5,197 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Analog Devices were worth $31,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Analog Devices in the second quarter valued at $18,610,868,000. Bank of America Corp DE raised its holdings in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after buying an additional 501,604 shares during the period. Van ECK Associates Corp lifted its stake in Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares in the last quarter. Amundi lifted its stake in Analog Devices by 5.3% during the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after acquiring an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Analog Devices during the 2nd quarter worth about $1,525,167,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Up 0.1%

Analog Devices stock opened at $409.29 on Friday. The firm has a market capitalization of $198.33 billion, a P/E ratio of 48.55, a P/E/G ratio of 0.99 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, Inc. has a twelve month low of $224.25 and a twelve month high of $445.91. The stock’s fifty day simple moving average is $393.97 and its 200-day simple moving average is $375.40.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the business posted $2.05 earnings per share. Analog Devices’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. As a group, equities analysts expect that Analog Devices, Inc. will post 12.88 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $425.46, for a total value of $4,254,600.00. Following the completion of the transaction, the chief executive officer owned 125,670 shares in the company, valued at approximately $53,467,558.20. This trade represents a 7.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider directly owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. This represents a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,436 shares of company stock worth $20,681,906 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ADI shares. JPMorgan Chase & Co. lifted their target price on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Arete Research boosted their price target on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Wall Street Zen cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $510.00 price target (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Read Our Latest Analysis on ADI

Analog Devices Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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