VIRGINIA RETIREMENT SYSTEMS ET Al Takes $16.15 Million Position in Analog Devices, Inc. $ADI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,660 shares of the semiconductor company’s stock, valued at approximately $16,149,000.

Several other large investors have also added to or reduced their stakes in the business. Riverbend Wealth Management LLC lifted its holdings in shares of Analog Devices by 2.2% in the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 27 shares during the last quarter. Bridgewater Advisors Inc. grew its holdings in Analog Devices by 1.5% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock valued at $574,000 after purchasing an additional 27 shares during the last quarter. Silicon Valley Capital Partners grew 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 valued at $214,000 after purchasing an additional 27 shares during the last quarter. Sound Income Strategies LLC raised its position in Analog Devices by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 30 shares during the period. Finally, 1620 Investment Advisors Inc. raised its position in Analog Devices by 5.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of analyst reports. Fundamental Research set a $550.00 target price on Analog Devices in a research note on Monday, June 29th. Morgan Stanley raised their price target on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Citigroup boosted their price objective on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Weiss Ratings raised Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Jefferies Financial Group increased their target price on Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Buy” and a consensus price target of $454.63.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $362.25 on Tuesday. The business’s 50 day moving average is $376.58 and its 200 day moving average is $374.34. The stock has a market cap of $175.54 billion, a P/E ratio of 42.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share 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 business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $2.05 EPS. Analog Devices’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s payout ratio is presently 52.19%.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total value of $3,563,300.00. Following the completion of the sale, the chief executive officer directly owned 134,660 shares of the company’s stock, valued at $47,983,397.80. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the 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 transaction, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 39,931 shares of company stock valued at $14,903,950 in the last ninety days. 0.36% of the stock is owned by insiders.

Analog Devices 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.