Analog Devices, Inc. $ADI Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.0% during the third quarter, HoldingsChannel.com reports. The firm owned 1,512,294 shares of the semiconductor company’s stock after selling 79,038 shares during the period. Analog Devices makes up approximately 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 23rd largest holding. Robeco Institutional Asset Management B.V.’s holdings in Analog Devices were worth $599,942,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Analog Devices in the second quarter valued at approximately $18,610,868,000. Bank of America Corp DE acquired a new position in shares of Analog Devices during the 2nd quarter worth approximately $3,573,081,000. Legal & General Group Plc acquired a new position in shares of Analog Devices during the 2nd quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $1,326,066,000. Finally, Primecap Management Co. CA purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $1,242,479,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ADI shares. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research note on Thursday, August 20th. Robert W. Baird upped their price objective 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. TD Cowen increased their price objective on shares of Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets started coverage on shares of Analog Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $430.00 price objective on the stock. Finally, 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 research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CFO Richard Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value 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. This trade represents a 4.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Analog Devices stock in a transaction 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 sale, the insider directly owned 40,428 shares in the company, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 50,936 shares of company stock worth $19,430,764. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $397.05 on Wednesday. The business has a 50 day simple moving average of $383.20 and a two-hundred day simple moving average of $388.18. Analog Devices, Inc. has a 12 month low of $223.47 and a 12 month high of $445.91. The stock has a market capitalization of $192.40 billion, a P/E ratio of 47.10, a PEG ratio of 1.21 and a beta of 1.22. 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 released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts predict that Analog Devices, Inc. will post 12.99 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

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.